Europe has rowed back on proposed US tariffs next week and introduced a 90-day pause, mirroring the US position.
European Commission President Ursula von der Leyen said it took note of the latest announcement by President Trump – which paused tariffs on most countries, although China saw an increase to 125% – and wants to give negotiations a chance.
“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,” according to a statement. Preparatory work on further countermeasures continues.
Amid ongoing trade tensions, energy policies continue to diverge either side of the Atlantic.
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