On Aug. 5, local time, the European Commission spokesman announced that the EU had decided to suspend its tariff retaliatory measures against the US, originally scheduled to take effect on Aug. 7. Another senior EU official stated that the EU still reserves the option of re-instating these measures.
Gier stated that the EU is in contact with the US to implement the trade agreement reached last month. In light of this, the European Commission completed the necessary legal procedures that day to suspend the tariff retaliatory measures against the US, originally scheduled to take effect on Aug. 7.
In recent days, several EU member states have expressed dissatisfaction with the recent trade agreement reached between the US and Europe, arguing that the EU has been too soft and should be tougher, and that the agreement still requires clarification on many points. It is reported that the US and EU are currently refining the framework agreement.
Previously, the EU had adopted a list of retaliatory measures against US goods, intending to impose additional tariffs on a range of US products, including soybeans, aircraft, cars, and whiskey, if negotiations with the US fail.
(Source: CCTV News)
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