EU Postpones US Tariff Countermeasures but Remains Prepared

The EU has postponed the planned countermeasures against the USA in the customs issue for six months. But Foreign Trade Minister Benjamin Dousa clarifies that the union's weapons are still loaded.

» Published:

EU Postpones US Tariff Countermeasures but Remains Prepared
Photo: Magnus Lejhall/TT

Share this article

Dousa (The Moderate Party) writes in a statement that it is good that the EU is postponing the countermeasures to give time for continued negotiations. They will try to erase the question marks that still remain since the President of the EU Commission Ursula von der Leyen and the President of the USA Donald Trump agreed on a framework agreement on July 27.

In the framework agreement, the tariff level in the USA for most EU goods is set at 15 percent. Trump threatened on Tuesday that the EU will get tariffs of 35 percent if they do not meet the requirements in the tariff agreement.

Dousa sees the continued negotiations as a step in the right direction, but then he continues to clarify that the EU's weapons are still loaded even if they have been temporarily laid down in their arsenal.

"If it turns out that the USA does not live up to the agreement, the countermeasures can be quickly activated. The EU must be ready to push back hard to defend our interests”, he writes.

The EU previously approved in July countermeasures against the USA's tariffs worth over 1 billion kronor that could be introduced if no agreement had been reached.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Government Proposes Increased Export Credit Guarantees for Swedish Companies

Government Proposes Increased Export Credit Guarantees for Swedish Companies

AstraZeneca Halts UK Research Facility Expansion Plans

AstraZeneca Halts UK Research Facility Expansion Plans

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Princess Madeleine's Skincare Brand Launch Draws Lukewarm Interest

Länsförsäkringar Swish Payment Issue Resolved

Länsförsäkringar Swish Payment Issue Resolved

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

Blind Box Trend Raises Concerns Over Consumer Behavior and Spending

France's Credit Rating Downgraded by Fitch

France's Credit Rating Downgraded by Fitch

Microsoft Gains Amid Mixed US Market

Microsoft Gains Amid Mixed US Market

FTC Investigates Google and Amazon Over Advertising Practices

FTC Investigates Google and Amazon Over Advertising Practices

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

US Proposes G7 Tariffs on China and India Over Russian Oil Purchases

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Taco Bell Plans Expansion into Sweden with First Stockholm Location

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

Russia's Central Bank Makes Smaller Than Expected Interest Rate Cut

ECB Officials Divided on Future Interest Rate Decisions

ECB Officials Divided on Future Interest Rate Decisions

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Six Suspects in Consultant Scandal Face Charges After Spain Raid

Microsoft to Remove Teams from Office Package in EU Agreement

Microsoft to Remove Teams from Office Package in EU Agreement

UK Economy Growth Stagnant in July as GDP Remains Unchanged

UK Economy Growth Stagnant in July as GDP Remains Unchanged

German Inflation Rises to 2.2 Percent in August

German Inflation Rises to 2.2 Percent in August

Global Stock Markets Rise Slightly Ahead of Expected US Rate Cut

Global Stock Markets Rise Slightly Ahead of Expected US Rate Cut

Insurance Guide: What to Know After Västernorrland Floods

Insurance Guide: What to Know After Västernorrland Floods

Asian Stock Markets Rise on Week's Last Trading Day

Asian Stock Markets Rise on Week's Last Trading Day