US EditionEU will delay planned U.S. tariffs for six months to allow for trade talks
BRUSSELS, BELGIUM, AUG 4 – The EU delays tariffs on $107 billion in U.S. goods for six months to implement a new trade deal setting a 15% tariff on most European exports to the U.S.
- The European Union will postpone its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson stated on Monday.
- The agreement leaves many questions open, including tariff rates on spirits, and Trump's recent executive order set tariffs on most EU goods at 15 percent without exceptions for cars.
- EU officials have said they expect more executive orders to follow soon regarding tariffs.
- The Commission will take the necessary steps to suspend by six months the EU's countermeasures against the U.S., which were due to enter into force on 7 August.
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Ecns
EcnsEU suspends retaliatory packages in deal with US
The European Union will pause implementing two packages of retaliatory tariffs against the United States, as part of a trade agreement made between US President Donald Trump and European Commission President Ursula von der Leyen.
·China
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Over the months, the European Commission had developed a list of U.S. products that it would not hesitate to tax in the event of misunderstood goods. It included EUR 93 billion of goods.Response measures officially put on hold after the agreement reached at the end of July. - The EU suspends its response measures following its controversial trade agreement with the United States (International).
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Total News Sources149
Leaning Left15Leaning Right19Center26Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 25%
C 43%
R 32%
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