The European Union has decided to pause its planned counter-tariffs on nearly €21 billion worth of American goods, including soybeans, copper, and motorbikes.
This move comes as both sides agree to restart talks and avoid a full-blown trade war.
Read also,
These EU tariffs were a response to US duties on steel and aluminum, and the first set (€3.9 billion worth) was supposed to start on April 15.
However, both the EU and the US, under pressure from global markets, have agreed to a 90-day pause.
EU Commission President Ursula von der Leyen said the pause is meant to give negotiations a chance. She warned, though, that if talks fail, the EU will go ahead with the tariffs.
Despite the pause, existing US tariffs—10% on some imports and 25% on steel, aluminum, and cars—will remain. The EU is still preparing more countermeasures in case the situation worsens.
Trump wants the EU to buy more American energy instead of agreeing to the EU's "zero tariffs on industrial goods" proposal. Meanwhile, the EU is trying to understand Trump's long-term goals, as officials remain unsure about what he's aiming to achieve.
No comments:
Post a Comment