Skip next section EU suspends countermeasures after Trump’s tariff pause
04/10/2025April 10, 2025
EU suspends countermeasures after Trump’s tariff pause
The European Union is pausing its retaliatory tariffs on US imports for 90 days after he recently announced on dozens of countries, European Commission President Ursula von der Leyen said on Thursday.
“We took note of the announcement by President Trump. We want to give negotiations a chance. While finalizing theadoption of the EU countermeasures that saw strong support from our member states, we will put them on hold for 90 days,” shesaid.
The bloc had been intending to impose from next Tuesday in response to Trump’s 25% levies on imports of steel and aluminum from the EU.
EU responses to earlier and the 20% general levies that went into force on Wednesday before they were suspended are still being assessed.
https://p.dw.com/p/4svqG
Skip next section Tariffs pause triggers stock market rebound in Europe
04/10/2025April 10, 2025
Tariffs pause triggers stock market rebound in Europe
European stock markets surged in early trading on Thursday after , leaving only a 10% baseline trade levy.
Germany’s leading index, the DAX, jumped 8.2% to 21,291.15 points at opening after the suspension of Trump’s envisaged 20% tariffs on EU goods.
Paris went up 7.3% to 7,362.06 and London jumped 5.3% to 8,089.72.
The rebound follows a drop of around 3% on Wednesday after Trump’s tariffs went into effect.
“While there has been understandable relief … the genie is still out of the bottle on policy unpredictability,” according to an analysis from Germany’s Deutsche Bank.
Above all the German economy could be negatively affected by the ongoing , where both sides have been imposing tit-for-tat tariffs in a seemingly endless upward spiral.
https://p.dw.com/p/4svOv
Skip next section China says ‘door to dialogue is open’ on trade talks with US
04/10/2025April 10, 2025
China says ‘door to dialogue is open’ on trade talks with US
China has called on the United States on Thursday to meet it “halfway” as a , but promised to “fight to the end” if no compromise can be reached.
“The door to dialogue is open, but it must be based on mutual respect and conducted in an equal manner,” Commerce Ministry spokeswoman He Yongqian told a regular press briefing.
The use of pressure, threats and blackmail was not the right way to deal with China, He said.
She warned that would “severely impact the stability of the global economic order.”
China would continue to resolutely safeguard its sovereignty, security and development interests, she said.
China’s Foreign Ministry also warned that the US tariffs were harmful to the whole world.
The tariffs “seriously damage the rules-based multilateral trading system, and seriously impact the stability of the global economic order,” Foreign Ministry spokesman Lin Jian said.
“This is a blatant act that goes against the will of the world and goes against the whole world,” he added.
https://p.dw.com/p/4svDj
Skip next section EU welcomes Trump’s tariffs pause
04/10/2025April 10, 2025
EU welcomes Trump’s tariffs pause
European Commission President on Thursday welcomed US President ‘s decision
Von der Leyen said the US president’s latest decision was an “important step” in stabilizing the global economy, which has been thrown into considerable disarray by the US’ recent trade moves.
“Clear, predictable conditions are essential for trade and supply chains to function,” she said.
“The European Union remains committed to constructive negotiations with the United States, with the goal of achieving frictionless and mutually beneficial trade.”
Trump’s decision on Wednesday to pause the tariffs came after EU member states — except Hungary — on €20.9 billion ($23 billion) in US goods as a response to previous on imports of steel and aluminum from the bloc.
The EU says it is still working on against separate US tariffs of 20% on European car imports.
No response has yet been formulated to Trump’s 20% tariffs on imports from the EU that went into force on Wednesday before their rapid suspension.
Members of the 27-country bloc on Wednesday again said they would prefer a negotiated deal to settle trade issues, describing the US tariffs as “unjustified and damaging.”
https://p.dw.com/p/4sv6y
Skip next section Tariffs pause puts focus on escalating US-China trade war
04/10/2025April 10, 2025
Tariffs pause puts focus on escalating US-China trade war
is continuing to seek adequate responses as it remains the target of massive despite US President ‘s turnaround he had just imposed on dozens of other countries.
Trump has raised the tariff on Chinese imports to the US to 125%, up from the 104% levy that went into force on Wednesday.
Beijing, in its turn, may well once more up the 84% tariffs it applied to US imports on Wednesday in retaliation to Trump’s initial move.
It has vowed to “fight to the end” in the trade war that is rapidly escalating between the world’s two top economies.
China says it has held talks with the and Malaysia on enhancing trade ties in response to the friction with the US.
It also said it had filed a protest with the , complaining of “bullying” tactics by the Trump administration.
According to the Reuters news agency, Chinese firms that use US technology company Amazon to sell products are also preparing to either raise their prices for the US or leave the market.
Trump, who says he raised the tariffs on Chinese imports in response to China’s “lack of respect” for global markets, has insisted that a trade agreement will be reached with Beijing.
“A deal’s going to be made with China,” Trump said, while adding that China’s leaders “don’t quite know how to go about it.”
China is the second biggest provider of imports to the US after Mexico.
https://p.dw.com/p/4sv2F
Skip next section Welcome to our coverage04/10/2025April 10, 2025
Welcome to our coverage
After US President Donald Trump’s 90-day reprieve of sweeping tarrifs Wednesday afternoon, major stock indicies in the US surged as investors piled back into equities.
The White House said that Trump’s “pause” means that the “tariff level will be brought down to a universal 10% tariff.”
Tariffs on imports, however, have not been offered such respite, as Trump said Wednesday afternoon he was raising duties on Chinese imports to 125% in response to China slapping its own levies of 84% on US goods earlier in the day.
Despite the escalating tit-for-tat tariffs, Trump predicted “a deal’s going to be made with China.”
Markets Thursday have shown a mixed response. Asian markets surged, making up for record losses earlier in the week. US futures were mostly flat on Thursday morning.
Uncertainty also remains over how the Trump administration will respond to EU measures targeting €20 billion (roughly €18 billion) worth of US products announced yesterday in retaliation for American duties on global steel and aluminum exports.
https://p.dw.com/p/4suzS
The post EU pauses tariffs on US goods following Trump reprieve appeared first on Deutsche Welle.
