EU to suspend US tariff countermeasures for six months
European officials have said that they expect more executive orders to follow soon
[BRUSSELS] The European Union will suspend its two packages of countermeasures to US tariffs for six months following a deal with US President Donald Trump, a Commission spokesperson said on Monday (Aug 4).
The EU-US agreement leaves many questions open, including tariff rates on spirits, and Trump’s executive order last week setting tariffs on most EU goods at 15 per cent did not include carve-outs such as for cars and car parts.
EU officials have said that they expect more executive orders to follow soon.
“The EU continues to work with the US to finalise a Joint Statement, as agreed on Jul 27,” the spokesperson said in a statement.
“With these objectives in mind, the Commission will take the necessary steps to suspend by six months the EU’s countermeasures against the US, which were due to enter into force on Aug 7.”
The retaliatory tariffs are in two parts: one in response to US steel and aluminium duties, and the other to Trump’s baseline and car tariffs. REUTERS
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