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European Commission says it will consult with member states on next steps on tariffs - Finance news and analysis from Global Banking & Finance Review
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European Commission says it will consult with member states on next steps on tariffs

Published by Global Banking & Finance Review

Posted on April 10, 2025

1 min read

· Last updated: April 10, 2025

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EU to Assess US Tariff Pause, Consult Member States

BRUSSELS (Reuters) - The European Commission said it will take the necessary time to assess US President Donald Trump's announcement on Wednesday about a pause in US tariffs.

"The European Commission will now take the necessary time to assess this latest development, in close consultation with our Member States and industry, before deciding on next steps," the Commission said in a statement on Thursday.

(Reporting by Phil Blenkinsop, editing by GV De Clercq)

Key Takeaways

  • The European Commission will assess the US tariff pause.
  • Consultation with member states and industry is planned.
  • Decision on next steps will follow the assessment.
  • US President Trump's announcement prompts EU response.
  • The assessment process will take necessary time.

Frequently Asked Questions

What is the main topic?
The article discusses the European Commission's response to the US tariff pause announced by President Trump.
What steps will the European Commission take?
The Commission will consult with member states and industry to assess the situation before deciding on next steps.
Who announced the US tariff pause?
US President Donald Trump announced the pause in US tariffs.

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