“We want to give negotiations a chance,” said Von der Leyen, who warns that if they are not satisfactory, “our countermeasures will come into effect.”
The European Commission has suspended the application for rates in response to which the United States has been approved against European steel and aluminum input, with the intention of giving an opportunity to give negotiations with Washington after it decided to postpone the implementation of general rates for 90 days.
Von der Leyen said in a statement that “while we put an end to the approval of the EU countermeasures, which have received strong support from our Member States, we have suspended them for 90 days.”
The German policy has confirmed that they take note of the announcement of the President of the United States, Donald Trump, that he maintains the rates of 10 %, but 90 days shakes the extra rates to all countries that have not taken reprisals against the United States and have requested a negotiated solution, including the European Union.
“We want to give negotiations a chance,” said Von der Leyen, who warns that if they are not satisfactory, “our countermeasures will come into effect.”
He also emphasized that “preparatory work on new countermeasures” will continue and that “all options are still on the table”.
The EU member states gave green light on Wednesday to respond to the 25 % rates that Trump imposed in March on all the imports of steel and aluminum.
The collection by the EU against against the against it was planned from 15 April and in a spread manner, for a total value of 20 900 million euros.
So those who would be applied since 15 April did the trade worth 39 billion euros, while they will be implemented since 15 May, include trade with a value of 13,500 million.
A third party countermeasures for soybeans and almonds would enter into force on December 1, worth 3.5 billion euros.
At the same time, the European Commission had already started its response to the rates of 25 % on the automotive sector and 20 % for which Trump calls “mutual” rates, with an idea to present it earlier next week.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
