EU Set to Freeze US Trade Deal Approval Over Trump Tariff Risk
Bloomberg Markets and Finance
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February 23, 2026 at 03:15 PM UTC
Bearish
90% Confidence
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Key Points
- President Trump's new tariff plan is causing fresh concerns among US trading partners.
- The EU is set to freeze US trade deal approval, awaiting more details from the Trump administration.
- This is the 'strongest reaction yet' from US trading partners, with India also canceling a planned trade trip to Washington D.C.
- Trump's representatives are attempting to reassure trade partners and reaffirm existing trade deals.
AI Summary
The European Union is freezing the ratification process of its trade deal with the US due to President Trump's new tariff plan, seeking more details from the administration. This move, coupled with India canceling a trade trip, signals growing international concern and the strongest reaction yet from US trading partners to the escalating tariff risks.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bearish | 90% |
| Consensus | Bearish | 90% |