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 Pakistan military has alleged that India fired six ballistic missiles that fell within its own borders.
A diver has died during early recovery operations for British tech tycoon Mike Lynch’s sunken superyacht off the coast of northern Sicily, Italian police confirmed Friday.
A fire on a British Airways Boeing 777 at Gatwick Airport last June was caused by a co-pilot mixing up his left and right hands during take-off, according to a report by the UK’s Air Accidents Investigation Branch (AAIB).
The Pakistan military has alleged that India fired six ballistic missiles that fell within its own borders.
A diver has died during early recovery operations for British tech tycoon Mike Lynch’s sunken superyacht off the coast of northern Sicily, Italian police confirmed Friday.
A fire on a British Airways Boeing 777 at Gatwick Airport last June was caused by a co-pilot mixing up his left and right hands during take-off, according to a report by the UK’s Air Accidents Investigation Branch (AAIB).
High tariffs are expected to remain a core feature of Donald Trump's trade policy even after new trade agreements are reached, according to several current and former advisers who spoke with Reuters.
The U.S. Embassy in Kyiv has shared a warning about a possible air attack that could happen in the next few days.
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