‘If the conversation is not satisfactory, we will kick into the counterants’: The European Union puts an anti -anti -counter tariff on hold for 90 days
The European Union on Thursday announced that it would suspend its ventilative tariff of 20.9 billion euros ($ 23 billion) on US goods for 90 days after US President Donald Trump put up a stagnation at the levy.
European Commission Chairman Ursula von deer leyen Accepted Trump’s announcement and confirmed the suspension of the new tariff on American goods for 90 days to facilitate the conversation. He warned that if the talks proved to be unsuccessful, then the counters would be implemented.
Trump had previously imposed 20% duty on the European Union goods as part of his comprehensive tariff strategy against international trading partners, but offered a 90-day dialogue window to resolve business concerns.
Von Der Leyen positively responded to Trump’s decision to temporarily suspend Most American tariffs, although he remained a non-staff about the employed counteres of the European Union.
“We want to give a chance to the conversation,” he said in a statement, but warned: “If the conversation is not satisfactory, we will kick in our countertor.”
Trump authorized “90 days stop” to more than 75 countries Trade talksReduce their tariff rate by 10%. While the European Union faced a rate of 20% earlier, the specific impact on the 27-nation block was not clear. China, especially excluded, increased its import tax rate to 125%.
Von Der Leyen had the specialty of mutual tariff suspension as beneficial for global economic stability, emphasizing the importance of reliable trading conditions.
The European Union member states approved the previously $ 23 billion retaliation tariffs, which responded to Trump’s 25% tariff on steel and aluminum imports. These measures were set for implementation in stages on 15 April, 15 May and 1 December.
Commission spokesman Olof Gill indicated that he would evaluate recent developments in consultation with the member states and industry before determining future functions.
The European Union maintained its priority to resolve the negotiations, emphasizing plans to diversify trade participation. Von Der Leyen highlighted the association with nations representing 87% global trade, sharing commitment to free commerce.
