After the Supreme Court declared the tariffs illegal, Trump responded by declaring a new flat rate of 15% tariffs on all trading partners. As such, the EU has paused its ratification of the agreement as it waits to see what will happen with the new tariffs.
Now is not the time to ease sanctions, for whatever reason. Moscow continues to show no willingness to negotiate and pressure on the Kremlin must increase. Germany and its allies will continue backing Ukraine, and the Iran conflict will not distract from that effort.
She had intended to speak about the flashpoints in international politics, Greenland and Ukraine, and US President Donald Trump, but the journalists present kept returning to the issue of the Mercosur agreement and how her party scuppered its ratification. Mercosur, the EU's major trade deal with the four South American countries of Argentina, Brazil, Paraguay, and Uruguay, was meant to be a sign of hope in a world of increasing nationalism a boost to trade based on rules, not punitive tariffs.
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