The European Union announced a 90-day pause on its planned countermeasures against U.S. President Donald Trump's broad tariff package, unveiled just a day earlier.
European Commission President Ursula von der Leyen made the announcement on Thursday, following Trump's own decision to temporarily suspend the U.S. tariffs for the same duration.
바카라We took note of President Trump바카라s announcement. We want to give negotiations a chance,바카라 von der Leyen said in a statement on X. 바카라While we had finalized the adoption of EU countermeasures, which received strong backing from our member states, we will now put them on hold for 90 days.바카라
The EU had prepared retaliatory tariffs on âŹ21 billion worth of U.S. goods imported into the bloc. These included products like soybeans from Louisiana, the home state of U.S. House Speaker Mike Johnson. The move was in response to Trump바카라s imposition of 25 percent tariffs on European imports announced last Wednesday.
A majority of the EU바카라s 27 member states had voted in favor of the countermeasures, some of which were set to take effect by mid-April.
Donald Trump Pauses Tariffs
US President Donald Trump on April 9 abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125 percent.
In a post on Truth Social, his own social platform, Trump said he had 바카라authorized a 90-day pause, and a substantially lowered reciprocal tariff during this period, of 10 percent, also effective immediately.바카라
Trump's treasury secretary Scott Bessent told reporters that the Republican was pausing his so-called 바카라reciprocal바카라 tariffs on most of the country바카라s biggest trading partners, but maintaining his 10 percent tariff on nearly all global imports.
He said the pause would apply to 75 countries that had opened negotiations with the US, without elaborating which nations these were.
