The EU does not initially put counterparts on US products
The EU does not want to put the planned counter-duties on US products for the time being. This terminated EU Commission President Ursula von der Leyen in response US President Donald Trump’s most recent decision to suspend certain tariffs.
After great turbulence on the stock and financial markets, Trump had surprisingly decided to grant a break from certain tariffs for 90 days. However, he advanced with additional hardness against China and further increased the taxes on Chinese imports.
« Give negotiations a chance »
From the Leyen said: « We have noted the announcement by President Trump. We want to give negotiations a chance. » The EU counter-measures were emphatically supported by the Member States, but are to be suspended for 90 days. Actually, the first measures should have been used next week.
The Leyen emphasized: « If the negotiations are not satisfactory, our countermeasures will come into force. » In addition, preparatory work for further countermeasures. All options were on the table.
On Wednesday, the EU countries had cleared their way for the first counter-tariffs between ten and 25 percent in response to the tariffs ordered by US President Donald Trump. From mid -April, special levies for jeans and motorcycles from the USA should work.
Further counter -tariffs should be raised in mid -May and the end of the year – which would have affected food such as beef, poultry and citrus fruits such as oranges and grapefruits.
