EU puts US counter-tariffs on hold
Posted on: Apr 10, 2025 19:02 IST | Posted by: Rt
The EU has suspended the infliction of counter-tariffs on American imports, European direction chair Ursula von der Leyen has proclaimed. The displace follows US President Donald Trump’s decision to pause increased tariffs for three months while negotiations take place.
In a post on X on Thursday, von der Leyen said the EU “took note of the announcement by President Trump” and wants to “give negotiations a chance.”
“While finalizing the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for 90 days,” she stated.
According to von der Leyen, the bloc will not hesitate to go ahead with counter-tariffs if the negotiations with the US fail.
In a post on his Truth Social platform on Wednesday, Trump announced a “90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.”
He claimed that “more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR [Office of the United States Trade Representative] to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs.”
According to the US president, these nations have refrained from retaliating against the tariffs his administration previously placed on them.
That same day, EU member states approved retaliatory measures to the 25% tariffs imposed last month by the US on the bloc’s steel and aluminum, effective April 15. The counter-tariffs do not address the more recent 20% US tariffs on all EU exports that took effect on Wednesday and have since been paused.
While Brussels did not specify the list of targeted goods or tariff levels, media outlets have reported that tariffs ranging from 10% to 25% would cover a wide array of US goods, including poultry, grains, clothing, and metals.
Last week, Trump announced sweeping tariffs targeting numerous countries across the world, citing the need to restore global trade fairness and accusing other nations of “ripping off” the US. The move sent shockwaves across global stock markets, though they have rebounded since Trump announced the pause on Wednesday.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.