Published by Global Banking & Finance Review®
Posted on February 23, 2026
1 min readLast updated: February 23, 2026
The EU may freeze approval of its US trade deal amid uncertainty over President Trump's tariff plans, Bloomberg reported. Reuters said it could not immediately verify the report.
Feb 23 (Reuters) - The European Union is poised to freeze the ratification process of its trade deal with the U.S. and is seeking more details from President Donald Trump’s administration on its new tariff program, Bloomberg News reported on Monday.
Zeljana Zovko, the lead trade negotiator in the European People’s Party group on the U.S. deal, told Bloomberg in an interview that the EU has "no other option" but to delay the approval process to seek to clarity on the situation.
The center-right EPP group is the largest political bloc in the European parliament.
(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Sharon Singleton)
The article covers the EU’s plan to freeze ratification of its trade deal with the United States due to uncertainty around President Trump’s new tariff program, as reported by Bloomberg.
EU officials are seeking more details on the scope and legality of the Trump administration’s tariff plans before proceeding with ratification.
Reuters states it could not immediately verify Bloomberg’s report, highlighting ongoing uncertainty.
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