EU to suspend trade package against US

THE EUROPEAN COMMISSION said on Friday it would propose suspending for another six months an EU package of retaliatory trade measures against the US worth 93 billion euros

- REUTERS

($109.19 billion) that would otherwise kick in on February 7.

The package, prepared in the first half of last year when the European Union was negotiating a trade deal with the US, was put on hold for six months when Brussels and Washington agreed on a joint statement on trade in August 2025.