The European Union will suspend its planned tariffs on $23 billion worth of US goods for 90 days, matching US President Donald Trump’s pause on new trade measures and allowing time for negotiations.
The European Union will suspend its planned tariffs on $23 billion worth of US goods for 90 days, matching US President Donald Trump’s pause on new trade measures and allowing time for negotiations.
He already backed down, 2 or 3 times. If he wanted 0 for 0 he could have negotiated first like a reasonable person with intelligence would do. He made a threat, it failed and Trump backed down. It is not really any harder to understand than that.
I mean that the EU wants 0 for 0.
The EU averages 2% tariffs and Trump just imposed 10-35% tariffs on the entire EU, and the European Commission just cancelled the one tariff package it managed to pass in the European Council, the one that was directly in response to the US’s25% tariff that is currently in force. Trump did not cancel this tariff, but we canceled the counter-tariff to it. It’s one thing to be open for negotiations, but we’re turning the other cheek here.
Oh I gotcha. I trust that the EU is trying to be the “adult in the room” by pausing their reciprocal tariffs. I’m sure they are just waiting for the point that there is no other choice. I think we all know that whatever Trump asks for during negotiations will be completely one-sided and unfair.