The EU will delay for six months the 93 billion euro retaliatory trade package against the US.
The European Commission said on Friday that it would propose delaying the implementation of a 93 billion euro ($109.19 billion) EU package of retaliatory trade measures against the United States until February 7 (Reuters).
When Brussels and Washington agreed on a joint statement on trade in August 2025, the package, which was prepared in the first half of last year when the European Union was negotiating a trade deal with the United States, was put on hold for six months. U.S.
The retaliatory package was a handy tool for the EU to use if President Donald Trump followed through on his threat last week to impose new tariffs on eight European nations in response to Washington’s push to acquire Greenland. Olof Gill, a spokesman for the Commission, stated, “With the removal of the tariff threat by the U.S., we can now return to the important business of implementing the joint EU-US statement.”
The Commission will soon make a proposal “to roll over our suspended countermeasures, which are set to expire on February 7,” Gill said, adding the measures would be suspended for a further six months.
Gill stated, “Just to make absolutely clear — the measures would remain suspended, but they can be unsuspended if we need them at any point in the future.”
