Brussels seeks to advance in negotiations with Washington and avoid a new commercial escalation. The European gesture seeks to generate a climate of distension in a context where the world’s main economic blocks face tensions.
The European Union (EU) announced Thursday that will suspend for 90 days the countermeasures that prepared in response to commercial tariffs imposed by the United States, with the objective of give margin to negotiations bilateral and avoid a new climbing in the dispute.
The decision was communicated by the president of the European Commission, Ursula von der Leyenwho expressed through the social network X: “If the negotiations are not satisfactory, our countermeasures will enter into force.”
The European gesture seeks to generate a distension climate In a context where the world’s main economic blocks face Growing tensions for commercial barriersespecially in sensitive sectors such as steel, aluminum, technological goods and agriculture.
Cross tariffs and negotiations in progress
In recent years, the commercial relationship between Washington and Brussels has gone through different voltage episodes, with the imposition of Cross tariffs that affected both industrial and agricultural products. Although, with the management of President Joe Biden, some distension was achieved, some tax inherited from the Trump administration are still in force.
The EU had begun to design a countermeated package before the lack of concrete advances in the elimination of these tariffs. However, the current decision reflects a political will to reach agreements by diplomatic routein a context where both blocks also seek to coordinate positions against China and strengthen their strategic link.
What can happen after 90 days?
As it transpired in European media, the next three months will be key for both parties close an understandingespecially in sectors such as metallurgical and energy. If there are no advances, Brussels will resume your package of compensatory measureswhich could involve new tariffs on American products.
This pause in retaliation coincides with a time when the EU is also focused on Relax the commercial agreement with Mercosurpartly for the hardening of Donald Trump’s foreign policy in case of an eventual return to the White House.
Source: Ambito
