The EU delays the implementation of the first revenge tariffs until mid-April

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The head office of the European Central Bank of the European Central Bank (ECB) was held on Frankfurt, July 18, 2024.

Jana Rodenbusch | Reuters

The European Union will postpone the first tariffs of the first tariffs from the United States to allow the EU spokesman CNBC to CNBC, the first tariffs of the United States to allow additional time to mid-April.

“The Commission decided to pay the time of two SETIP and two sets of EU in 2013 in 2013,” the press secretary told CNBC that the delay gives extra time for discussions with the US leadership. “

“When changes, the graph is a bit amended and does not reduce the impact of our answer, especially to retaliate to 26 billion ($ 28 billion) to retaliate,” he said.

Earlier, he said that the EU would get acquainted with the application of additional tasks after the additional goods exported by the previously suspended tariff tariffs and exported to the United States

These include industrial grade steel and aluminum, other steel and products and finished products along with derivative commercial products like other steel and aluminum, machine parts and textile needles.

Bourbon, agricultural products and other industrial goods such as a wide range of other products, textiles, leather goods, home appliances and more can be fifths.

“Our goal is to inflict the right balance of products, taking into account the interests of the EU producers, exporters and consumers,” the EU spokesman told CNBC to CNBC.

The block announced events such as US President Donald Trump25% tariffs came into force on the import of steel and aluminum. EU “must act to protect the enterprises and consumers,” President of the European Commission Ursula Von Der Leien said now. The European Commission is the EU executive body.

The EU has expanded its measures outside the previously implemented, “Russia has a significant extension in the coverage of new US tariffs and affects the significant high level of European trade,” he said.

“The goal is to ensure that the total value of the EU’s measures is in accordance with the increase in the increase in the impact of new US tariffs,” said block explain about their plans.

‘Possible solutions’

EU Commissioner for Trade and Economic Security Maros Sefjovic, said talks will continue with the United States on Thursday.

“I continued to negotiate to try to find a solution to the United States, Honsuted by President Von Der Leilen,” he said, according to a written version of the European Parliament’s International Trade Committee.

“The United States has better understanding the US plans and better understand possible solutions and to see possible solutions,” Sefjic said the EU continues to prepare.

“On April 2, we must assess the actions received by the United States and keep our answer in accordance with this,” he said.

April 2 is the day appointed by Trump to apply mutual tariffs in other countries.

CNBC’s Holly Ellyatt and Katrina Bishop contributed to this report.

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