The European Union has decided to delay its planned countermeasures against U.S. tariffs for 90 days, following President Donald Trump’s temporary suspension of new duties on dozens of countries.
European Commission President Ursula von der Leyen announced on Thursday that the EU will pause its planned counter-tariffs targeting €21 billion ($23.25 billion) worth of U.S. imports. The move follows President Donald Trump’s decision on Wednesday to ease some of the 25% tariffs on steel and aluminium imports, temporarily reducing trade tensions.
"We want to give negotiations a chance," von der Leyen stated on X. “While finalizing the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for 90 days.”
The EU had been preparing to impose the tariffs starting next Tuesday in response to the U.S. measures. It is still evaluating its position on Trump’s 10% tariffs and proposed levies on automobiles.
Trump’s unexpected shift in trade policy came shortly after the new tariffs were implemented, sending a wave of relief through financial markets already unsettled by a growing trade war with China. The move helped ease what had been the worst bout of market volatility since the early COVID-19 crisis.
EU spokesperson Olof Gill confirmed the 90-day delay but did not offer specifics on the suspension's terms. “We are satisfied that our strategy from day one has been the right one,” Gill said during a press briefing. “We are ready to make deals, let's talk.”
The EU’s decision signals a willingness to de-escalate tensions and engage in talks, while keeping its countermeasures ready should negotiations stall.
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The other evening, I was fuelling my car at a petrol station in Kenya’s capital. It was one of those small moments most motorists barely notice. The attendant filled the tank, I glanced at the pump price, paid, and drove off.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 15 March, covering the latest developments you need to know.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
Senior officials from the United States and China met in Paris this week for a new round of trade talks, as the world’s two largest economies attempt to manage their economic rivalry and avoid further tensions.
Court documents released on Monday (16 March) revealed that the British Broadcasting Corporation (BBC) has asked a U.S. judge to dismiss President Donald Trump's $10 billion defamation suit over a 2024 documentary, arguing his re-election proves the edited 2021 speech did not harm his reputation.
Polish fighter jets intercepted a Russian reconnaissance aircraft over the Baltic Sea on Friday (13 March), according to Poland’s Operational Command.
Russia has imposed a fine of 35 million roubles (around $432,366) on the messaging platform Telegram for failing to remove content deemed illegal by the authorities, according to the Interfax news agency.
Madagascar's president, Michael Randrianirina announced the appointment of anti-corruption chief Mamitiana Rajaonarison as prime minister, six days after dismissing the previous premier along with the entire cabinet.
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