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EU pauses countermeasures after Trump’s tariff reprieve
Gulf Today
|April 11, 2025
The European Union will pause its first countermeasures against US tariffs after President Donald Trump temporarily lowered the hefty duties less than a day after imposing them on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday.
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The Trump administration is weighing offers from more than a dozen countries on tariff deals and is close to reaching agreements with some of them, White House economic adviser Kevin Hassett said.
“USTR has informed us that there are maybe 15 countries now that have made explicit offers that we're studying and considering and deciding whether they're good enough to present the president,” Hassett told reporters at the White House, referring to the US trade representative.
Principals in the administration's trade policy will meet at the White House on Thursday to discuss how to prioritize the separate negotiations, Hassett said.
This story is from the April 11, 2025 edition of Gulf Today.
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