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Lutnick minimizes the impact of the tariff court decision on US-EU talks

In an interview conducted on Sunday, U.S. commerce secretary Howard Lutnick said that talks with the European Union were still ongoing despite the legal uncertainty surrounding U.S. tariffs.

Lutnick was asked on "Fox News Sunday" about a report that quoted an unnamed EU official involved in negotiations, who claimed the uncertainty surrounding tariffs within the U.S. provided the EU with "extra leverage."

Lutnick stated, "You cannot listen to stupid people making stupid comments." "All the countries who are negotiating with US understand Donald Trump's power and his ability protect American workers."

In a broad ruling issued last week, a U.S. Trade Court blocked the majority of President Trump's new tariffs. The court found that he had exceeded his authority in imposing duties across-the board on imports coming from U.S. Trading Partners. The U.S. Federal appeals court suspended that ruling the next day, allowing tariffs to be implemented while the Trump administration appealed.

Lutnick stated that the ruling may have cost a "week, but everyone came back to the table."

Trump and his advisors said that on Friday, many countries have been in contact since the court decision and that talks are moving forward.

In late May, the Republican president threatened to impose 50% tariffs on all European products by June 1. However, a few days later he delayed this date to July 9, to give more time for negotiations.

Trump said also on Friday that he will increase tariffs for imported steel and aluminium to 50%, from 25%. The European Commission responded on Saturday by saying it may consider countermeasures.

Kevin Hassett, White House economist and economic adviser to the President, said on ABC News "This Week" that U.S. national security was at risk due to China's steel production.

Hassett stated, "We must show strength." We need a steel industry ready to support American defense. (Reporting from Ted Hesson, Washington; Additional reporting done by Doina chiacu; Editing performed by Caitlin Berkrot and Bill Berkrot.

(source: Reuters)