EU to suspend 93 billion euro trade retaliation package against US for 6 months

Flags of the European Union Stephanie Lecocq/Reuters The European Commission reported this Friday (23) that it intends to postpone for another six months the application of a package of trade retaliation measures against the United States, valued at 93 billion euros. These measures were scheduled to come into force on February 7, but should remain suspended. This package was created last year, amid negotiations for a trade agreement between the European Union and the USA. In August 2025, however, the two sides reached a joint declaration on trade, which led to the temporary suspension of punishments. Last week, US President Donald Trump threatened to impose new tariffs on European countries, which reignited the possibility of the EU using these retaliations as a form of pressure. On Wednesday (21), Trump stated that he had reached an understanding about the future of Greenland and, as a result, backed away from imposing extra tariffs. With the removal of this threat, according to the European Commission, the bloc decided to maintain the climate of dialogue. According to Commission spokesman Olof Gill, the European Union will present a formal proposal to extend the suspension of measures for another six months. He highlighted that retaliations remain only “on hold” and can be reactivated in the future, if necessary.

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