US EditionPublished • loading... • Updated
EU Proposes Continued Suspension of $109 Billion Trade Retaliation Against the U.S.
The EU aims to extend its suspension of retaliatory tariffs on $109 billion of U.S. goods for six months after de-escalation of tensions over Greenland, officials said.
- On Jan. 23, the European Commission said it will propose to roll over suspended countermeasures set to expire on February 7, extending the suspension for six months on tariffs covering $109 billion of U.S. goods.
- Tensions over Greenland prompted EU leaders to consider the anti‑coercion instrument after President Donald Trump threatened a 10% tariff on goods from eight European countries starting Feb. 1 but later backed down following talks with Mark Rutte, easing pressure.
- Olof Gill, European Commission spokesperson, stated `Just to make absolutely clear-- the measures would remain suspended, but if we need them at any point in the future, they can be unsuspended,` emphasizing the reversibility of the decision in Brussels on Jan. 23.
- Keeping measures suspended averts immediate tariff escalation and touches the pace of EU‑U.S. trade deal ratification, which had been put on hold amid tensions.
- The package targeted items such as Boeing Co. aircraft, US-made cars and bourbon, while tensions over Greenland kept focus on the EU's anti‑coercion instrument.
Insights by Ground AI
24 Articles
24 Articles
EU to Suspend Planned Counter-Tariffs on €93 Billion of US Goods
The European Union will suspend retaliatory tariffs on €93 billion ($109 billion) of US goods for another six months after US President Donald Trump backed down from his threat to impose levies on some EU countries that opposed his push to annex Greenland.
·United States
Read Full Article
Recuo takes place after Trump abandons the idea of introducing new tariffs to products from eight European countries in the middle of tension on Greenland
·Brazil
Read Full Article
EU to suspend 93 billion euro retaliatory trade package against US for 6 months
The European Commission said on Friday it would propose suspending for another six months an EU package of retaliatory trade measures against the U.S. worth 93 billion euros ($109.19 billion) that would otherwise kick in on February 7.
·United Kingdom
Read Full ArticleCoverage Details
Total News Sources24
Leaning Left1Leaning Right3Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
11%
C 56%
R 33%
Factuality
To view factuality data please Upgrade to Premium
