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

BRUSSELS: The European Commission said on Friday it would propose suspending for another six months an EU package of retaliatory trade measures against the US worth 93 billion euros ($109.19 billion) that would otherwise kick in on February 7. The package, prepared in the first half of last year when the European Union was negotiating a trade deal with the United States, was ⁠put on hold for six months when Brussels and Washington agreed on a joint statement on trade in August 2025.

Raccontata daarabnews.com