EU puts US counter-tariffs on hold

The EU has suspended the imposition of counter-tariffs on American imports, European Commission President Ursula von der Leyen has announced. The move follows US President Donald Trump’s decision to pause increased tariffs for three months while negotiations take place.

In a post on X on Thursday, von der Leyen said the EU “took note of the announcement by President Trump” and wants to “give negotiations a chance.”

“While finalizing the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for 90 days,” she stated.

According to von der Leyen, the bloc will not hesitate to go ahead with counter-tariffs if the negotiations with the US fail.

In a post on his Truth Social platform on Wednesday, Trump announced a “90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.”

He claimed that “more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR [Office of the United States Trade Representative] to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs.”

According to the US president, these nations have refrained from retaliating against the tariffs his administration previously placed on them.

That same day, EU member states approved retaliatory measures to the 25% tariffs imposed last month by the US on the bloc’s steel and aluminum, effective April 15. The counter-tariffs do not address the more recent 20% US tariffs on all EU exports that took effect on Wednesday and have since been paused.

While Brussels did not specify the list of targeted goods or tariff levels, media outlets have reported that tariffs ranging from 10% to 25% would cover a wide array of US goods, including poultry, grains, clothing, and metals.

Last week, Trump announced sweeping tariffs targeting numerous countries across the world, citing the need to restore global trade fairness and accusing other nations of “ripping off” the US. The move sent shockwaves across global stock markets, though they have rebounded since Trump announced the pause on Wednesday.