The European Union will delay the implementation of its first tariffs for goods from the USA until mid -April to enable additional time for discussions with Washington.
“The Commission has decided to align the time of the two EU countermeasures against US 232 tariffs on EU Steel and aluminum,” the spokesman told CNBC and added that the delay “provides additional time for the discussion with the US administration”.
“The change represents a slight adaptation to the timeline and does not reduce the effects of our reaction, especially the EU, which is still preparing for the retaliation of up to 26 billion euros [$28 billion]”, you noticed.
At the start of March, the EU stated that it could follow a two -track approach to re -hiring previously suspended tariffs and plenty of additional tasks for further goods exported by the block to the USA
This includes steel and aluminum in industrial quality, other steel and aluminum and finished products in addition to their derivative industrial products resembling machine parts and knitting needles.
A wide selection of other products could also stand for tasks, including bourbon, agricultural products and other industrial goods resembling textiles, leather goods, household appliances and rather more.
“Our goal is to achieve the right balance of the products, whereby the interests of the EU manufacturers, exporters and consumers are taken into account,” the EU spokesman told CNBC on Thursday.
The block announced the measures when the 25% tariffs from US President Donald Trump got here into force for steel and aluminum imports. The EU must “act to protect companies and consumers,” said the President of the European Commission, Ursula von der Leyen, at the moment. The European Commission is the chief body of the EU.
The EU also said that it goes beyond the measures previously carried out, since “the new US tariffs are significantly wider in the area of the scope and influence a significantly higher value of European trade”.
“The aim is to ensure that the total value of the EU measures corresponds to the increased commercial value that of the new US Explanatory About his plans.
“Possible solutions”
Maros Sefcovic, the EU Commissioner for Trade and Economic Security, said on Thursday that discussions with the United States would continue.
“I used to be entrusted with President of Leyen to proceed the talks to try to seek out an answer within the United States,” he said, according to a written version of his comments in the European Parliament's International Trade Committee.
“I take care of my American colleagues to higher understand the US plans and search for possible solutions,” said Sefcovic and noticed that the EU had continued to prepare.
“On April 2, now we have to evaluate the measures taken by the USA and maintain a versatile approach as a way to calibrate our answer accordingly,” he said.
April 2 is the day on which Trump is meant to impose mutual tariffs in other countries.
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