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2mo ago

EU Postpones Retaliatory Tariffs on U.S. Goods to Allow for Negotiations

The European Union delays its planned countermeasures until mid-April, seeking time to refine its strategy and engage in dialogue with the U.S. following President Trump's tariff threats.

Craig Ledbetter of Vino Farms looks at locally made wines at the Lodi Wine Visitor Center in Lodi, Calif. on March 18, 2025. (AP Photo/Terry Chea)
Craig Ledbetter of Vino Farms stands in a demonstration vineyard the Lodi Wine Visitor Center in Lodi, California on March 18, 2025. (AP Photo/Terry Chea)
View of champagne vineyards in Cuchery, eastern France, Monday, March 17, 2025. (AP Photo/Thibault Camus)
Craig Ledbetter of Vino Farms stands in a demonstration vineyard outside the Lodi Wine Visitor Center in Lodi, Calif., March 18, 2025. (AP Photo/Terry Chea)

Overview

  • The EU has postponed the implementation of retaliatory tariffs on $28 billion worth of U.S. goods, including bourbon whiskey and jeans, from April 1 to mid-April.
  • The delay aims to provide additional time for negotiations with the U.S. and to refine the list of targeted goods to minimize harm to the EU economy.
  • President Trump has threatened to impose a 200% tariff on European alcohol, including wine and champagne, if the EU proceeds with its planned measures.
  • European leaders, including those from France, Italy, and Ireland, have expressed concerns about the economic impact of the EU's strategy on their domestic industries.
  • The escalating trade tensions have created uncertainty for businesses, with U.S. alcohol importers canceling shipments and EU producers bracing for potential financial losses.