The President of the European Commission Ursula von der Leyen announced that the EU would suspend the imposition of retaliation rights to the US for 90 days.
“We have recognized President Trump’s statement. We want to give negotiations a chance,” emphasized Von der Leyen in an entry published on Thursday (April 10) on the social platform X.
The head of the EC announced that the retaliation rights would be suspended for 90 days. She determined that if the US negotiations did not suffice, the rates would come into effect. She added that work is underway on later remedies.
“As I said before, all options remain on the table,” wrote Von der Leyen.
Customs war. Trump pulls the brake
On Wednesday, the European Union decided to impose retaliation to the United States. It was established that the rates will cover up to 25 percent US goods worth EUR 22 billion. Some rates had to be in force from April 16.
The decision to impose on the US by the EU Douane in retribution for steel and aluminum rates was supported by all Member States except Hungary.
President Donald Trump announced yesterday that he would increase the tasks imposed on goods from China by 104 percent. Up to 125 percent at the same time, he ordered a 90 -day break in the use of increased rates for other countries. Customs must currently be 10 percent.
The markets are fired
Trump’s sudden decision to postpone the validity of new rates made relief from the crisis affected by the global markets and involved world leaders. American stock indexes increased; The improvement of the votes also continued to exist on Asian and European exchanges – notes Reuters Agency remarks.
At the same time, he points out that the tasks of Trump, which, in his opinion, are aimed at constructing the end of the US trade shortages with many countries, the global commercial order has been undermining for decades, causing worries about the recession and reduces the market value of the largest companies.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
