Overview
- The European Union has officially paused its planned countermeasures against U.S. tariffs for 90 days, as confirmed by European Commission President Ursula von der Leyen.
- The pause comes in response to President Donald Trump's recent announcement of a temporary halt on U.S. tariffs, signaling an effort to de-escalate trade tensions.
- EU member states had strongly supported the adoption of countermeasures prior to this suspension, highlighting the seriousness of the earlier trade dispute.
- The 90-day suspension is intended to create space for negotiations between the U.S. and EU, aiming to resolve the ongoing tariff conflict.
- This decision underscores the EU's strategic approach to balancing economic stability with diplomatic efforts to manage transatlantic trade relations.