Brussels freezes the against duties towards the United States. The European Commission has communicated the adoption through an emergency procedure, starting from August 5, of the documents necessary to block the measures that were ready to be launched in response to the commercial war of the White House for six months.
The suspension of the countermeasures was expected following the close agreement in Scotland between Donald Trump and Ursula von der Leyen on the rate of 15% of the US tariffs. The EU officially announced the decision, despite the strong discontent that meanders among European governments.
The EU announcement on the suspension of the counter duties
In the statement released by the commission spokesperson, Olaf Gill, Brussels has said how the agreement of July 27 points to restore stability for European and American citizens and companies.
As explained by Palazzo Berlaymont, the goal of both sides is to guarantee exports from the European Union to the United States, protecting the “value chains” consolidated by one bank to the other of the Atlantic and safeguarding millions of jobs.
The EU continues to collaborate with the United States to finalize a joint declaration, as agreed on 27 July. Keep this objective in mind, the Commission will adopt the necessary measures to suspend the EU countermeasures against the United States by six months, which should have come into force on 7 August
The announcement represents the passage taken by the European Union to meet the United States, in order to arrive at a joint declaration on the agreement of the US duties at 15% established in the summit in Scotland.
The nodes of the agreement with the USA
The European Commission itself, however, is now awaiting Donald Trump’s move, remembering how the Washington commitment to bring to the cars, currently at 27.5%, was established in the agreement of 27 July.
The automotive sector is not the only matter that has remained discovered in negotiations, for which the text is still awaited with all the details of the pact that will have to start from August 7th. Among the painful keys there are also drugs, on which Brussels presses for a discount or better total exclusion, as well as other central products for exports such as the EU, for example wine.
The uncertainties still at stake continue to attract the heavy criticism by the member countries, finally the comment of the Hungarian premier Viktor Orban who has again defined the agreement “bad”, pushing European governments to negotiate independently.
Germany would have started to tackle a table of negotiations with the US on steel and cars, as would testify the journey of German finance minister Lars Klingbeil to Washington, to meet the US Treasury Secretary Scott Bessen.
It is not a secret even the disappointment of Paris, who through French prime minister François Bayrou had already talked about “submission” immediately after the conclusion of the agreement between Von der Leyen and Trump.
