The European Commission freezes its retaliation tariffs against the United States for ninety days. This is a response to the recdering of the American President Donald Trump, who announced that he will suspend certain, recently introduced, import duties for 90 days.
Trump paused the announced high import duties for goods from dozens of countries. During the suspension of ninety days, the tariffs are reduced to ten percent. This does not apply to China: Trump even increased the tariff for Chinese imports – to a total of 125 percent.
During the break of ninety days, negotiations with the states involved, including the EU, are to take place. The President of the European Commission, Ursula von der Leyen, announced today that they wanted to give negotiations a chance.
“While we complete the approval of the countermeasures of the EU, which were able to count on the broad support of our Member States, we will suspend it for ninety days,” she writes. “If the negotiations are not sufficient, our countermeasures come into force.” The European Commission is still preparing for further countermeasures. “As I said, all options remain on the table.”
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