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 โ€˜constructive negotiations with the United States.โ€™

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

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

โ€œIf 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,โ€ 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 Trumpโ€™s decision to pause tariffs is โ€œan important step toward stabilizing the global economy.โ€

โ€œTariffs are taxes that only hurt businesses and consumers,โ€ she said. โ€œThatโ€™s why Iโ€™ve consistently advocated for a zero-for-zero tariff agreement between the European Union and the United States.โ€

She said that the European Union remains committed to โ€œconstructive negotiations with the United States, with the goal of achieving frictionless and mutually beneficial trade.โ€

Before Trumpโ€™s 90 day pause, the Unites States had imposed a 20 percent tariff on all EU goods. Following Trumpโ€™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 EUโ€™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 โ€œmelted and pouredโ€ and aluminum to be โ€œsmelted and castโ€ 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 Leyenโ€™s previous offer to negotiate a โ€œzero-for-zeroโ€ tariff pact on industrial goods was enough for him to back down on 20 percent duties on imports, Trump said: โ€œNo, itโ€™s not.โ€

โ€œThe European Unionโ€™s been really tough over the years. We have a [trade] deficit with the European Union of $350 billion, and itโ€™s going to disappear fast,โ€ the president said. โ€œAnd one of the ways that that can disappear easily and quickly is theyโ€™re going to have to buy our energy from us. They can buy it, we can knock off $350 billion in one week.โ€

Byย 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.

The Sacred Honor of the 56

Today we're celebrating the sacred honor of the 56 men who signed the Declaration of Independence.

Alligator Alcatraz: A Bold Step Toward Secure Borders

Alligator Alcatraz funded through FEMA, represents a decisive move by the Trump admin to address illegal immigration with efficiency and resolve.

Is America Broke?

Silicon Valley investor and economic commentator Balaji Srinivasan made...

Hungary: Prideโ„ข Cometh Before the Color Revolution

The EU engaged in a diplomatic siege of the Eastern European nation-state of Hungary pressuring it into embrace global trannyism or face wrath of Brussels.

Understanding the Trump/Musk Feud

The passion Trump and Musk exhibit over the OBBB is not contrived or for show. Each is addressing the problem from completely different approaches.

Federal Reserve Rates Are Too High, Says Former World Bank Chief

Rates should be between 0.25 and 1.75 percent rather...

Noem Waives Environmental Restrictions to Fast-Track Water Barriers in Rio Grande

DHS Sec Kristi Noem waived federal environmental laws to fast-track construction of 17 miles of waterborne barriers in the Rio Grande in South Texas.

Federal Officials Warn of โ€˜Lone Wolfโ€™ Terror Threats on July 4, NY Governor Says

NY Gov. Kathy Hochul confirmed that federal officials informed her about a possible terrorist threat ahead of the July 4 Independence Day holiday.

Record 1 in 5 Buyers of New Cars Committing to $1,000-Plus Monthly Payments: Edmunds

The share of new car buyers committing to make monthly payments of $1,000 or more hit an โ€œall-time highโ€ in the second quarter of 2025.

US Keeps Pressure on Chinese Goods Amid Vietnam Trade Deal

Transshippingโ€”rerouting goods through a third country to disguise the origin of the productsโ€”is a focal point of trade negotiations with Asian markets.

White House Report Reveals Top Earners, Staffers Working for No Salary

The Trump admin released its yearly report that shows the salaries for White House staffers, also revealing officials who arenโ€™t accepting salaries at all.

Transportation Secretary Urges Governors to Remove Political Messages From Crosswalks, Intersections

Duffy sent letters to governors, mayor of D.C., and gov of Puerto Rico urging them to remove political messaging from intersections and crosswalks.

Bessent: US, India Near Agreement to Lower Tariffs

The United States and India are โ€œvery closeโ€ to a trade agreement, Treasury Secretary Scott Bessent said on Tuesday.
spot_img

Related Articles