The European Union (EU) has postponed the planned introduction of tariffs on United States (U.S.) products until mid-April, the European Commission announced.
The tariffs were supposed to take effect on April 1st as a response to the U.S. tariffs on steel and aluminum imports already imposed by U.S. President Donald Trump.
“This step gives us additional time for negotiations to try to find a mutually acceptable solution,” said European Trade Commissioner Maros Sefcovic.
As a first step, the bloc intended to reinstate tariffs that were introduced during Trump’s first term: on jeans, bourbon, motorcycles, and peanut butter.
The tariffs amount to as much as 50 percent in some cases, for example, on motorcycles manufactured in the U.S. by Harley-Davidson and on Jack Daniel’s whiskey.
European Commission President Ursula von der Leyen previously stated that the EU must take measures to protect consumers and companies within the European bloc.
