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.

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.

This runs counter to the stability and predictability we sought to achieve with the Turnberry deal,” said Bernd Lange, chair of the European Parliament’s trade committee, referencing the U.S.-E.U. trade agreement struck in Turnberry,

President Donald Trump said Saturday that he wants a global tariff of 15%, up from 10% he'd announced a day earlier after the U.S. Supreme Court struck down many of the far-reaching taxes on imports that he had imposed over the last year.

Lawmakers in the European Parliament could shelve a vote on the EU’s trade deal with the U.S. following a Supreme Court ruling that President Trump’s global tariffs are unlawful.

U.S. stocks are falling Monday after President Donald Trump took little time to ramp up his newest tariffs, and as investors continue to punish companies that could be losers in the artificial-intelligence revolution.

The European Union’s executive arm requested “full clarity” from the United States and asked its trade partner to fulfill its commitments after the U.S. Supreme Court struck down some of President Donald Trump’s most sweeping tariffs.