EU delays implementation of counter-tariffs against the US
European Commission President Ursula von der Leyen has announced that the EU will hold off on imposing counter-tariffs on American imports. This decision follows US President Donald Trump's authorization of a 90-day pause on tariffs exceeding...
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European Commission President Ursula von der Leyen has announced that the EU will hold off on imposing counter-tariffs on American imports. This decision follows US President Donald Trump's authorization of a 90-day pause on tariffs exceeding 10% during ongoing negotiations.
In a post on X on Thursday, von der Leyen noted that the EU “took note of the announcement by President Trump” and expressed a desire to “give negotiations a chance.” She added, “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.”
von der Leyen also indicated that the EU would not hesitate to implement counter-tariffs if negotiations with the US do not yield results.
On Wednesday, Trump shared via his Truth Social platform that there would be a “90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.” He mentioned that “more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR [Office of the United States Trade Representative] to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs.”
Trump asserted that these countries have not retaliated against the tariffs his administration previously imposed. On the same day, EU member states greenlit retaliatory measures in response to the 25% tariffs the US placed on the bloc's steel and aluminum, effective April 15. The counter-tariffs do not target the newer 20% US tariffs on all EU exports that took effect on Wednesday, which have since been paused.
While specifics regarding the goods or tariff levels have not been disclosed by Brussels, media sources report that tariffs between 10% and 25% could affect a broad range of US products, including poultry, grains, clothing, and metals.
Last week, Trump announced extensive tariffs aimed at numerous countries globally, citing the need to restore fairness in global trade and accusing other nations of “ripping off” the US. This announcement created significant turbulence in global stock markets, though they have since rebounded following Trump’s decision to pause the tariffs.
Frederick R Cook for TROIB News
In a post on X on Thursday, von der Leyen noted that the EU “took note of the announcement by President Trump” and expressed a desire to “give negotiations a chance.” She added, “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.”
von der Leyen also indicated that the EU would not hesitate to implement counter-tariffs if negotiations with the US do not yield results.
On Wednesday, Trump shared via his Truth Social platform that there would be a “90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.” He mentioned that “more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR [Office of the United States Trade Representative] to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs.”
Trump asserted that these countries have not retaliated against the tariffs his administration previously imposed. On the same day, EU member states greenlit retaliatory measures in response to the 25% tariffs the US placed on the bloc's steel and aluminum, effective April 15. The counter-tariffs do not target the newer 20% US tariffs on all EU exports that took effect on Wednesday, which have since been paused.
While specifics regarding the goods or tariff levels have not been disclosed by Brussels, media sources report that tariffs between 10% and 25% could affect a broad range of US products, including poultry, grains, clothing, and metals.
Last week, Trump announced extensive tariffs aimed at numerous countries globally, citing the need to restore fairness in global trade and accusing other nations of “ripping off” the US. This announcement created significant turbulence in global stock markets, though they have since rebounded following Trump’s decision to pause the tariffs.
Frederick R Cook for TROIB News
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