EU Delays Retaliatory Tariffs on US Goods to Allow More Negotiations
The European Commission postpones planned countermeasures to mid-April, seeking to avert further economic damage while Trump threatens additional tariffs on EU exports.
- The EU has postponed its retaliatory tariffs on US products, initially set for April 1, to mid-April to allow more time for negotiations.
- The US recently imposed 25% tariffs on EU steel and aluminum imports, impacting €26 billion in EU exports.
- Planned EU tariffs target US goods like whiskey, motorcycles, and agricultural products, with some rates reaching 50%.
- Trump has threatened new tariffs of up to 200% on EU goods, including wine and champagne, further escalating tensions.
- Internal EU divisions over the escalation strategy contributed to the delay, with some member states advocating caution.