Headlines
EU to suspend US tariff countermeasures for 6 months
Published by Global Banking and Finance Review
Posted on August 4, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 4, 2025
1 min readLast updated: January 22, 2026
The EU will suspend its countermeasures to US tariffs for six months following a deal with President Trump, affecting trade dynamics.
BRUSSELS (Reuters) -The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday.
The EU-U.S. agreement leaves many questions open, including tariff rates on spirits, and Trump's executive order last week setting tariffs on most EU goods at 15% did not include carve-outs such as for cars and car parts.
EU officials have said they expect more executive orders to follow soon.
"The EU continues to work with the U.S. to finalise a Joint Statement, as agreed on 27 July," the spokesperson said in a statement.
"With these objectives in mind, the Commission will take the necessary steps to suspend by 6 months the EU’s countermeasures against the US, which were due to enter into force on 7 August."
The retaliatory tariffs are in two parts: one in response to U.S. steel and aluminium duties, and the other to Trump's baseline and car tariffs.
(Reporting by Julia Payne; Editing by Toby Chopra)
The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump.
The retaliatory tariffs are in two parts: one in response to U.S. steel and aluminium duties, and the other to Trump's baseline and car tariffs.
EU officials have said they expect more executive orders to follow soon.
The EU’s countermeasures were due to enter into force on 7 August.
The EU continues to work with the U.S. to finalize a Joint Statement, as agreed on 27 July.
Explore more articles in the Headlines category
