European Union Pauses Tariff Retaliation For 90 Days To Match Trump | rssama.com

BRUSSELS (AP) — The European Union’s executive committee said Thursday it will put waste and acquisition retaliation measures connected clasp for 90 days to lucifer President Donald Trump’s region connected his sweeping caller tariffs and time off room for a negotiated solution.

European Commission President Ursula von der Leyen said that nan commission, which handles waste and acquisition for nan bloc’s 27 personnel countries, “took statement of nan announcement by President Trump.”

New tariffs connected 20.9 cardinal euros ($23 billion) of US equipment will beryllium put connected clasp for 90 days because “we want to springiness negotiations a chance,” she said successful a statement.

But she warned: “If negotiations are not satisfactory, our countermeasures will footwear in.”

Trump imposed a 20% levy connected equipment from nan EU arsenic portion of his onslaught of tariffs of 10% and upward against world trading partners but said Wednesday he will region them for 90 days to springiness countries a chance to discuss solutions to U.S. waste and acquisition concerns.

Countries taxable to nan region will look Trump’s 10% baseline tariff.

European Commission President Ursula von der Leyen addresses journalists during a media convention astatine EU office successful Brussels, Monday, April 7, 2025. (AP Photo/Virginia Mayo)

via Associated Press

Before Trump’s announcement, EU personnel countries voted to o.k. a group of retaliatory tariffs connected $23 cardinal successful equipment successful consequence to his 25% tariffs connected imported alloy and aluminum that took effect successful March. The EU, nan largest trading partner of nan U.S., described them arsenic “unjustified and damaging.”

The EU tariffs were group to spell into effect successful stages, immoderate connected April 15 and others connected May 15 and Dec. 1. The EU committee didn’t instantly supply a database of nan goods.

Members of nan EU — nan world’s largest trading bloc — person said they for illustration a negotiated woody to resoluteness a waste and acquisition warfare that damages nan economies connected some sides. The bloc’s apical waste and acquisition charismatic has shuttled betwixt Brussels and Washington for weeks trying to caput disconnected a conflict. The EU has offered Trump a “zero for zero” woody successful which some sides would destruct tariffs connected business equipment including autos. Trump has said that’s not capable to reply U.S. concerns and raised nan anticipation of Europe buying ample further amounts of U.S. liquefied earthy gas.

The targeted equipment are a mini fraction of nan 1.6 trillion euros ($1.8 trillion) successful U.S.-EU yearly trade. Some 4.4 cardinal euros successful equipment and services crosses nan Atlantic each time successful what nan European Commission calls “the astir important commercialized narration successful nan world.”

The EU has targeted smaller lists of equipment successful hopes of exerting governmental unit and avoiding economical harm from a wider escalation of tit-for-tat tariffs.

The EU is besides moving connected a further group of countermeasures successful consequence to Trump’s broad 20% tariff connected each European goods, now suspended. That could see measures aimed astatine U.S. tech companies and nan services assemblage arsenic good arsenic waste and acquisition successful goods.

Still, von der Leyen said that Europe intends to diversify its waste and acquisition partnerships.

She said that nan EU will proceed “engaging pinch countries that relationship for 87% of world waste and acquisition and stock our committedness to a free and unfastened speech of goods, services, and ideas,” and to assistance barriers to commerce wrong its ain azygous market.

“Together, Europeans will look stronger from this crisis,” von der Leyen said.

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McHugh reported from Frankfurt, Germany