EU delays tariff countermeasures while trade deal is finalized
Teh European Union announced it will delay imposing countermeasures against U.S. tariffs introduced by President Donald Trump by six months. This postponement aims to provide stability adn predictability for citizens and businesses on both sides. The decision follows an agreement between EU Commission President Ursula von der Leyen and President Trump on July 27, 2025, addressing tariffs and trade issues. Trump had recently implemented a 15% tariff on many EU imports,including automobiles. The new deal includes the removal of significant tariffs, with the EU eliminating all tariffs on U.S.industrial goods exported to Europe.Additionally, the EU agreed to purchase $750 billion in American energy and increase investment in the U.S. by over $600 billion, though the timeline remains unclear. The EU characterized the agreement as political and non-binding, with further negotiations planned to fully implement the terms. meanwhile, Switzerland is also seeking a more favorable trade deal with the U.S.to reduce its current high tariff rates.this advancement marks a temporary easing in U.S.-EU trade tensions amid ongoing tariff disputes.
EU delays tariff countermeasures while trade deal is finalized
The European Union said on Monday it would delay its countermeasures against President Donald Trump’s tariffs by six months.
“On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade,” the EU Commission spokesperson for trade said in a statement.
The spokesperson said the delay will restore “stability and predictability for citizens and businesses on both sides of the Atlantic.”
“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 spokesperson said.
The delay comes after Trump announced he had enacted a 15% tariff on imports coming from the EU after months of talks. The new tariff rate on the EU is a 15% tariff on most imports, including automobiles.
The White House said last week that the deal with the EU “will remove significant tariffs, including the elimination of all EU tariffs on U.S. industrial goods exported to the EU.”
Trump added that the EU agreed to purchase $750 billion of American energy and increase its investment in the U.S. by more than $600 billion above its current levels. A timeline for the investments was not made clear. The EU does not have the authority to force private entities to buy U.S. oil or grain.
The trade deal announced last week still represents a large tariff increase for the U.S.-EU relationship.
The EU has called the deal a political agreement, noting it is “not legally binding.”
“Beyond taking the immediate actions committed, the EU and the US will further negotiate, in line with their relevant internal procedures, to fully implement the political agreement,” the statement said.
At the same time, Switzerland is seeking to make a “more attractive offer” in trade talks with the U.S., as it looks to avoid its current 39% tariff rate, according to Reuters.
US AUTOMAKERS AREN’T JAZZED TRUMP LOWERED TARIFFS ON EUROPE AND JAPAN
The U.S. is set to begin collecting tariffs on more than 60 countries starting Aug. 7. Trump pushed the date back a week from Aug. 1.
The tariffs are a part of Trump’s April 2 “Liberation Day” tariffs, which were paused for 90 days, less than a week later, and capped largely at 10%. The tariffs were set to go into effect July 9, but that was extended to August 1.
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