The EU will not lift its retaliatory tariffs on the US, freezing the measures for six months.

The EU says it will not cancel the retaliatory tariffs against the US!

The European Commission stated that the EU has not canceled the retaliatory tariffs against the US, but only suspended the 93 billion euro retaliatory tariffs for six months after reaching a trade agreement with the US President.

"The EU continues to cooperate with the US, and under the framework of the joint statement, it is finalizing implementation measures in accordance with the agreement reached on July 27. As part of this effort, the European Commission is taking necessary measures to suspend the retaliatory measures against the US, which were originally scheduled to take effect on August 7th."

The trade response measures formulated by the European Commission include two sets of measures. One is the 21 billion euro import goods subject to tariffs on US steel and aluminum tariffs, and the other is the taxation of 72 billion euro import goods, and the retaliatory measures will be activated if Washington imposes a 30% tariff on all goods imported from the EU.

The EU states that these measures are frozen rather than canceled, which means that the EU may resume these measures if the US imposes tariffs on certain European goods exceeding the 15% ceiling.

Original: https://www.toutiao.com/article/1839562200211456/

Statement: The article represents the personal views of the author.