EU Pauses Countermeasures Against US Steel Tariffs for 90 Days

Contact Your Elected Officials
The Epoch Times Header

European Commission President Ursula von der Leyen said the EU remains committed to ‘constructive negotiations with the United States.’

The European Union said on Thursday that it will pause its countermeasures against U.S. steel and aluminum tariffs for 90 days.

“We took note of the announcement by President Trump. We want to give negotiations a chance,” European Commission President Ursula von der Leyen said in an April 10 statement posted on the social media platform X. “While finalising the adoption of the EU countermeasures that saw strong support from our member states, we will put them on hold for 90 days.”

“If negotiations are not satisfactory, our countermeasures will kick in. Preparatory work on further countermeasures continues. As I have said before, all options remain on the table,” she added.

The countermeasures, which were agreed upon by the EU on Wednesday, had been due to start on April 15.

Trump announced on April 9 that he is pausing for 90 days reciprocal tariffs that went into effect earlier in the day, maintaining a 10 percent baseline tariff across the board, while at the same time raising rates for China.

Early Thursday morning, von der Leyen made a separate statement on X saying Trump’s decision to pause tariffs is “an important step toward stabilizing the global economy.”

“Tariffs are taxes that only hurt businesses and consumers,” she said. “That’s why I’ve consistently advocated for a zero-for-zero tariff agreement between the European Union and the United States.”

She said that the European Union remains committed to “constructive negotiations with the United States, with the goal of achieving frictionless and mutually beneficial trade.”

Before Trump’s 90 day pause, the Unites States had imposed a 20 percent tariff on all EU goods. Following Trump’s announcement on April 9, however, the 27-nation bloc will now be subject to a 10 percent baseline tariff on most goods, except steel and aluminum products, which are still subject to higher tariffs of 25 percent.

The EU’s first set of retaliatory measures in response to U.S. tariffs on steel and aluminum was approved on April 9, with countermeasures to the steel and aluminum tariffs on items such as jeans, whiskey, and motorcycles, if implemented.

The 25 percent tariffs imposed by the United States on all steel and aluminum imports went into effect shortly after midnight on March 12.

Trump said that he was introducing new standards requiring steel to be “melted and poured” and aluminum to be “smelted and cast” in North America to prevent countries such as China from circumventing trade restrictions.

When asked by a reporter at the White House on April 7 whether von der Leyen’s previous offer to negotiate a “zero-for-zero” tariff pact on industrial goods was enough for him to back down on 20 percent duties on imports, Trump said: “No, it’s not.”

“The European Union’s been really tough over the years. We have a [trade] deficit with the European Union of $350 billion, and it’s going to disappear fast,” the president said. “And one of the ways that that can disappear easily and quickly is they’re going to have to buy our energy from us. They can buy it, we can knock off $350 billion in one week.”

By Owen Evans

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Trump’s Middle East Triumph is Worth Celebrating Even As Peace Remains Elusive 

President Trump’s bold foreign policy defies globalist appeasement, showcasing unwavering American strength and decisive leadership on the world stage.

Are conservatives fighting a fiction of woke?

Wokery, it hurts to say it, is too disorganized to have an organized cosmology or doctrine of metaphysical belief.

Illinois Democrat Offenders Reveal Party

The crime of J.B Pritzker and Brandon Johnson in this episode of American history is called subversion at the least , but could be as serious as treason.

Inside the Public School Librarian Jihad to Keep Transgender Propaganda on Shelves

Public school librarians are doing all they can to keep child tranny propaganda flowing directly into the malleable minds of their charges.

Five Reasons Why The Latest Czech Elections Were So Important

Populist-nationalist politician Andrej Babis is poised to return to the premiership after his party's victory. Here are 5 reasons why this is so important.

New York AG Letitia James Indicted on Federal Charges

New York Attorney General Letitia James was indicted by a grand jury on federal charges, according to an indictment on unsealed on Thursday.

6 Ways Vaccine Policy Has Changed Under RFK Jr.

Health Sec RFK, Jr. and officials at the HHS changed recommendations and policies for multiple vaccines, including shots against COVID-19 and measles.

Journalists Recount Antifa Violence in Roundtable With Trump

President Trump met at the White House with journalists attacked by the newly designated terrorist group Antifa, joined by Cabinet officials for a roundtable.

IRS to Furlough 34,000 Employees as Government Shutdown Halts Treasury Operations

The IRS said in an emergency message to staff that it will furlough more than 34,000 employees starting on Oct. 8 due to the government shutdown.

Trump Says He May Invoke Insurrection Act in Portland If Necessary

President Donald Trump on Oct. 6 said he may consider invoking the Insurrection Act in Portland, Oregon, if necessary.

Trump: All Medium, Heavy Duty Trucks Entering US Will See 25 Percent Tariff on Nov. 1

President Trump announced on Monday that all medium and heavy-duty trucks entering the United States will see a 25 percent tariff starting on Nov. 1.

Treasury Names Social Security Commissioner as CEO of IRS

Treasury Sec. Scott Bessent announced that Frank Bisignano, the head of the Social Security Administration (SSA), will also serve as CEO of the IRS.

Agencies Terminated, Descoped 94 Wasteful Contracts With $8.5 Billion Ceiling Value, Says DOGE

Various federal government agencies have terminated and descoped 94 wasteful contracts over the past five days, DOGE said in an Oct. 4 post on X.
spot_img

Related Articles

Popular Categories

MAGA Business Central