The European Union will stop its first countermeasures against US tariffs after President Donald Trump temporarily went down Het Hoager’s duties that he had just imposed on the dishes of countries, said the head of the European Commission, Ursula von der Leyen, the day of origin.
The block had to launch counter-aroncels in approximately 21 billion euros ($ 23.25 billion) or US imports next day in response to Trump’s 25% rates on steel and aluminum. He is still evaluating how to respond to US cars rates. And the widest taxes of 10% still instead.
“We want to give negotiations a chance,” said Von der Leyen in X. “At the end of the adoption of EU’s countermeasures who saw a strong support from our Member States, we will suspend them for 90 days.”
Trump’s sudden decision on Wednesday to stop most of his duties HISS NIJL brought relief to the global global markets and anxious global leaders, just when a commercial war with China increased.
Its change, which occurs less than 24 hours after new steep rates began, followed the most intense episode of volatility of the financial market since the first days of the Covid-19 pandemic.
American shares indices shot higher in the news, and relief continued in the Asian and European trade on Thursday.
Before Trump’s change, agitation had erased billions from values markets and led to a disturbing increase in the yields of the United States government bonds that seemed to capture the attention of the president of the United States.
Meanwhile, China rejected what he called threats and blackmail from Washington.
Trump maintained the pressure on China, the world number 2 and the second major US import supplier with an increase in tariffs in Chinese imports to 125% from the 104% level that was activated on Wednesday.
He also signed an executive order aimed at reducing China’s control in the global maritime transport industry and reviewing the naval construction of the United States.
Commercial War with China
China “will continue until the end” If the United States insists on its way, said the spokesman of the Ministry of Commerce, He Yongqian, a regular press conference. China’s was open to dialogue, but this must be based on mutual respect, the ministry said.
Beijing can respond again in a child after imposing tariffs of 84% on American imports on Wednesday to match Trump’s anterior tariff save.
Trump, who states that tariffs aim to repair the commercial imbalances of the United States, said that a resolution with China on trade is also possible. But the authorities have said that they will prioritize conversations with other countries such as Vietnam, Japan, South Korea and others align to try to achieve treatment.
The Yuan of China reached its lowest against the dollar on Thursday from the world financial crisis.
EU pause
In Europe, the yields of the government bonds of the euro zone jumped, the differentials adjusted and the markets reduced their bets in the cuts of European central banks after the last Trump announcement. European actions increased.
Trump’s movement was an important step towards stabilization of the global economy, said Von der Leyen, before announcing a pause in EU counter-tariffs.
But he warned that they could be brought.
“If negotiations are not satisfactory, our countermeasures will begin. The preparatory work in additional countermeasures continues,” he said, before adding: “As I said before, all options remain on the table.”
Trump’s investment in rates imposed on other countries is not absolute either. A 10% general tax in almost all US imports will remain in force, said the White House.
The announcement does not seem to affect Duit in cars, steel and aluminum that are already in place.
The US rate pause does not apply to the duties paid by Canada and Mexico because their assets are still subject to tariffs related to 25% of fentanyl if they do not comply with the rules of origin of the trade of Mexico-Canada of the United States.
The EU was due to impose additional rates for US imports, such as corn, wheat, motorcycles, poultry, fruits and clothing. Those are now suspended.
In other places, India was among the countries that said they want to move quickly in a commercial agreement with the United States.
Uncertainty
Despite the postponement, some bankers and central analysts remained cautious.
The politician of the European Central Bank Francois Villery of Galhau, speaking of the pause in the tariff walk, told France Inter Radio that it was “less bad news” than before, but uncertainty remained and that was a threat to trust and growth.
After saying that his plans would not change, Trump indicated that the almost panic in the markets that had been developed since April 2 had taken into account their decision to suspend tariffs.
“You have to be flexible,” he told reporters.
