BRUSSELS: The European Union has delayed its planned counter-measures against U.S. tariffs, allowing more time for negotiations and adjustments.
Revised Timeline
Initially, the EU planned tariffs on $4.9 billion of U.S. goods starting April 1.
A second set of tariffs worth $19.4 billion was scheduled for April 13.
Now, both measures will be introduced together in mid-April.
This delay provides extra time for consultations with EU member states.
It also allows further discussions with U.S. officials.
Trade Negotiations
European Trade Commissioner Maros Sefcovic said talks with the U.S. had made little progress.
He hoped to discuss lowering industrial goods import duties.
However, the U.S. focus remains on re-industrialization through tariffs.
Sefcovic admitted there was no agreement on reducing trade barriers.
He remains optimistic about future negotiations.
Whiskey Tariff Dispute
The EU’s first tariff list includes a 50% tax on U.S. bourbon.
Trump warned of a 200% tariff on European wines if this happens.
France and Italy export large amounts of wine to the U.S.
French Prime Minister Francois Bayrou believes whiskey should not be targeted.
Italian Prime Minister Giorgia Meloni advised against escalating the dispute.
Strategic Pause
Irish Prime Minister Micheal Martin supports delaying the tariffs.
Ireland is a major exporter of whiskey to the U.S.
Martin believes analyzing the U.S. measures first is a wise approach.
This pause may allow revisions to the EU’s counter-measures.
The final list of affected U.S. goods could still change.
U.S. Response
The U.S. plans to impose “reciprocal” tariffs starting April 2.
This move aims to restore balance in global trade.
The Trump administration supports aggressive tariff policies.
Officials believe tariffs attract investment and boost U.S. industries.
The EU hopes negotiations can prevent further trade conflicts.
Possible Adjustments
Some European leaders question the effectiveness of retaliatory tariffs.
France and Italy warn of potential economic drawbacks.
The EU may reconsider which U.S. goods to target.
A unified EU approach is essential for an effective response.
Talks will continue before the mid-April deadline.
