The European Parliament’s International Trade Committee has decided to pause its legislative work on EU–US trade following a recent ruling by the US Supreme Court. The decision comes after the court’s judgment on February 20, 2026, regarding the use of the International Emergency Economic Powers Act (IEEPA).
Bernd Lange, chair of the committee and standing rapporteur for the US, stated: “The ruling by the Supreme Court of the United States of 20 February 2026 on the use of the International Emergency Economic Powers Act (IEEPA) is clear and unequivocal. Its implications cannot be ignored, and business as usual is not an option.
A key instrument used on the US side to negotiate and implement the Turnberry Deal is no longer available.
The situation is now more uncertain than ever. This runs counter to the stability and predictability we sought to achieve with the Turnberry Deal.
The proposed replacement for IEEPA, Section 122, applies indiscriminately to all countries exporting to the United States and is imposed on top of the Most Favoured Nation (MFN) rate. As a result, imports from the EU into the US would be subject to an applied rate exceeding the 15% threshold. This, in itself, constitutes a clear departure from the terms of the Turnberry Deal.
Shadow rapporteurs, representing a majority of Members, have agreed that under the current circumstances work on the two Turnberry files should be put on hold until clarity, stability and legal certainty in EU–US trade relations are re-established.
Consequently, the scheduled votes in committee tomorrow will not take place as planned and the shadow rapporteurs will reassess the situation next week.”
This pause affects progress on two legislative files related to transatlantic trade agreements. The committee will review developments next week before deciding how to proceed.
