EU's Strategic Pause on Tariffs

In a significant development, the European Union has decided to temporarily suspend its planned retaliatory tariffs on U.S. goods. This decision comes in the wake of President Trump's surprising move to pause his universal tariffs for 90 days.

Details of the EU's Countermeasures

The EU had initially approved measures targeting over 20 billion euros worth of U.S. products, including soybeans, motorcycles, and beauty products. These were intended as a response to the U.S. tariffs on steel and aluminium exports.

Future Negotiations and Preparations

European Commission President emphasized that while the countermeasures are on hold, preparatory work continues. "All options remain on the table," she stated, underscoring the EU's readiness to act if negotiations fail to yield satisfactory results.

EU's Preference for Dialogue

Brussels has expressed a clear preference for avoiding a tariff war, welcoming Trump's decision as a positive step towards global economic stability. The EU remains open to constructive negotiations and has reiterated its offer for a bilateral tariff exemption on cars and industrial goods.