The EU Suspends Additional Tariffs on $93 Billion of US Goods for Another Six Months
On Friday, February 6, the EU officially published its official gazette, announcing that it will extend the measure of suspending additional tariffs on $93 billion (approximately $109.8 billion) worth of American imports for another six months.
According to the executive regulations published by the EU official gazette, this tariff suspension measure, originally scheduled to expire on Saturday, February 7, will be extended until August 6, 2026.
This tariff list is extremely broad, including American corn, dishwashers, motorcycles (such as Harley-Davidson), and some aircraft parts.
This move marks a temporary resolution of the trade war brinkmanship triggered by the sovereignty dispute over Greenland. According to Reuters, the direct cause of this extension was a shift in President Trump's stance.
Olof Gill, a spokesperson for the European Commission, said: "Our goal is to resolve differences through diplomatic means rather than fall into a vicious cycle of retaliatory tariffs."
After the news broke, the market reacted positively, with stock prices of American manufacturers reliant on exports to Europe rising.
In January this year, Trump warned to impose a 10% (which could reach 25%) punitive tariff on eight European countries, including Germany and France, due to dissatisfaction with some European countries opposing the US purchase of Greenland.
After meeting with NATO Secretary General Stoltenberg at Davos, Trump announced that a framework agreement on Greenland had seen light, and immediately withdrew the tariff warning. In response, the EU decided to adopt an "equivalent extension" strategy, effectively easing the previously "tense" trade tensions between the US and the EU.
Source: rfi
Original: toutiao.com/article/1856428408235019/
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