US EditionEU-US Trade Talks: European Bloc Halts Tariff Retaliation After Trump Deal; Pause Expected to Last Six Months
8 Articles
8 Articles
Both sides must issue a joint declaration formalizing the compromise reached on 27 July. Brussels also suspends response measures which would have entered into force in the absence of a transatlantic deal.
The European Union decided not to move forward with the measures to combat the US tariff policy following the conclusion of a trade agreement at the end of July.
The European Union on Monday announced a six-month postponement of the introduction of relevant duties on goods from the United States to give the parties time to implement a trade agreement reached in late July, reports CBS News.
EU-US trade talks: European bloc halts tariff retaliation after Trump deal; pause expected to last six months
In a major step towards easing trade tensions, the European Union announced on Tuesday that it will suspend its planned retaliatory tariffs on US goods worth 93 billion euros ($107 billion).The move follows a deal struck last month between US President Donald Trump and European Commission President Ursula von der Leyen. EU trade spokesperson Olof
ARTICLE. The European Commission has announced the suspension of its trade countermeasures, which takes place one week after the two parties have concluded a lengthy "framework agreement" which provides that most EU exports, including cars, will be subject to a 15% US tax from Friday 8 August. The European automotive industry is one of the major victims of this agreement.
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