EU to suspend US tariff countermeasures for 6 months
The EU-US agreement leaves many questions open, including tariff rates on spirits, and Trump's executive order last week setting tariffs on most EU goods at 15% did not include carve-outs such as for cars and car parts
The European Union will suspend its two packages of countermeasures to US tariffs for six months following a deal with US President Donald Trump, a Commission spokesperson said on Monday.
The EU-US agreement leaves many questions open, including tariff rates on spirits, and Trump's executive order last week setting tariffs on most EU goods at 15% did not include carve-outs such as for cars and car parts.
EU officials have said they expect more executive orders to follow soon.
Keep updated, follow The Business Standard's Google news channel
"The EU continues to work with the US to finalise a Joint Statement, as agreed on 27 July," the spokesperson said in a statement.
"With these objectives in mind, the Commission will take the necessary steps to suspend by 6 months the EU's countermeasures against the US, which were due to enter into force on 7 August."
The retaliatory tariffs are in two parts: one in response to US steel and aluminium duties, and the other to Trump's baseline and car tariffs.
