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EU will delay planned U.S. tariffs for six months to allow for trade talks
BRUSSELS, BELGIUM, AUG 4 – The EU delays tariffs on $93 billion of US goods for six months to avoid a trade war and allow further negotiations on trade terms, officials said.
- The European Union will postpone its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson stated on Monday.
- The agreement leaves many questions open, including tariff rates on spirits, and Trump's recent executive order set tariffs on most EU goods at 15 percent without exceptions for cars.
- EU officials have said they expect more executive orders to follow soon regarding tariffs.
- The Commission will take the necessary steps to suspend by six months the EU's countermeasures against the U.S., which were due to enter into force on 7 August.
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Washington Examiner
DailyTruthReportEU delays tariff countermeasures while trade deal is finalized
The EU has called its deal with the United States a political agreement, noting it is “not legally binding.”
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