In a significant move aimed at easing escalating trade tensions, the European Union has announced a 90-day suspension of its planned counter-tariffs in response to U.S. President Donald Trump’s global tariff measures.
The EU had prepared retaliatory tariffs after the U.S. imposed sweeping duties on steel and aluminum imports. However, in a diplomatic gesture seen as a step toward potential negotiations, Brussels has chosen to pause the implementation of these tariffs for a three-month period.
This decision offers a crucial window for both sides to engage in constructive dialogue and possibly reach a broader trade agreement. EU officials emphasized that while the suspension reflects a willingness to negotiate, the bloc remains firm in defending its economic interests if no progress is made within the stipulated time frame.
The development comes amid growing global concern over a potential trade war, with analysts watching closely how other affected economies—such as China, Canada, and Mexico—respond to U.S. protectionist policies.
Further talks between U.S. and EU trade representatives are expected in the coming weeks.