The United States may be preparing to introduce additional tariffs on European Union goods in spite of the current 90-day suspension, according to European Commissioner for Trade MaroÅ¡ Å efÄoviÄ.
Speaking at the European Parliament plenary session, Å efÄoviÄ noted that the US had recently reduced its additional tariffs from 20 percent to 10 percent.
In response, the EU paused its countermeasures on steel and aluminum for 90 days to allow room for negotiations.
“This pause was meant to create space for dialogue.
“However, US tariffs still affect 380 billion Euro, 431 billion dollars, worth of EU exports, around 70 per cent of our total exports, at rates ranging from 10 per cent to 25 per cent,”; Å efÄoviÄ said.
He also warned that new US tariff measures could still be on the horizon, in spite of Washington acknowledging that the EU was not a threat and that both sides faced many common challenges.
On April 2, US President Donald Trump signed an executive order introducing reciprocal tariffs on imports from various countries.
The base tariff was set at 10 per cent, with higher rates applied to 57 countries based on the US trade deficit with each.
A week later, Trump announced that the 10 per cent baseline tariff would apply for 90 days to more than 75 countries that had not retaliated and had requested negotiations, excluding China.
