by Erin Doherty at CNBC
- The European Union will suspend its planned countermeasures to President Donald Trump’s tariffs, which were set to take effect Thursday.
- The suspension marks a concession from the 27-member bloc, which is among the United States’ largest trading partners.
- The announcement comes after weeks of trade negotiations between Trump and European Commission President Ursula von der Leyen.
The European Union announced Monday that it will suspend for six months its planned countermeasures against the United States’ tariffs, which which were set to take effect this week.
“On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade,” the EU Commission spokesperson for trade said in a statement.
“The EU continues to work with the US to finalise a Joint Statement, as agreed on 27 July,” the spokesperson said.
“With these objectives in mind, the Commission will take the necessary steps to suspend by 6 months the EU’s countermeasures against the US, which were due to enter into force on 7 August.”
The European Commission is the executive body of the EU.
The pause on the countermeasures is…