BRUSSELS (Reuters) – The European Union will pause its two sets of retaliatory tariffs against the United States for six months, following an agreement with U.S. President Donald Trump, a spokesperson for the European Commission said on Monday.
The EU-U.S. arrangement still leaves several unresolved issues, including specific tariff rates on goods like spirits. Trump’s recent executive order imposing 15% tariffs on most EU imports did not exempt products such as cars and car parts. EU officials anticipate additional executive orders in the near future.
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“The EU is continuing its collaboration with the U.S. to finalize a Joint Statement, as agreed on July 27,” the spokesperson said.
“In light of this, the Commission will proceed with steps to suspend for six months the EU’s retaliatory measures against the U.S., which were originally scheduled to take effect on August 7.”
The EU’s countermeasures are split into two categories: one targeting the U.S. tariffs on steel and aluminum, and the other responding to Trump’s broader tariffs, including those on automobiles.
Source: REUTERS
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