The European Union has paused the ratification process of a trade deal with the United States after President Trump threatened to impose a 15% global tariff. NBC News' Brian Cheung has details on the trade talks and the continued fallout from a Supreme Court decision that struck down most of the president's tariffs.

President Donald Trump is expanding his tariff toolkit in the wake of a Supreme Court ruling against his signature economic policy.

President Donald Trump upped new tariffs he announced after the Supreme Court ruled against his emergency tariffs on Feb. 20.

U.S. futures are lower and Asian markets have climbed after the Supreme Court struck down most of President Donald Trump’s sweeping tariffs

Frustrated European officials pushed Monday for clarification on how U.S. President Donald Trump's declaration of a 15% global tax on imports would affect the trade deal they struck with Trump this summer as EU legislators hit pause on the deal's ratification until they get clarity.

Members of the European Parliament were meant to vote on approving two legal texts that are part of a trade agreement the bloc reached with the U.S. last year and would eliminate tariffs on imported U.

First, Trump announced a temporary 10% global tariff under Section 122 of the Trade Act of 1974, which allows a short-term import surcharge of up to 15% for 150 days to address balance-of-payments concerns.

With his move to impose new global tariffs, US President Donald Trump isn’t just trying to repair a trade policy dismantled by a Supreme Court rebuke. He’s also declaring the world’s largest economy is facing a profound balance-of-payments crisis.