European Union-American trade talks: European block stopped tariff vengeance after the trump deal; Expected to be for six months

In a large step towards reducing trade tension, the European Union on Tuesday announced that it would suspend its employed anti -anti -anti -tariff on US goods of 93 billion euros ($ 107 billion).The move follows a deal last month between US President Donald Trump and European Commission Chairman Ursula von Der Leyen.

European Union trade spokesman Olof Gill confirmed the suspension: “The Commission today adopted the legal processes required to suspend the implementation of our European Union counterents, which were caused by kick on 7 August.”The suspension of the tariff marks a significant concession from the 27-member block, one of the largest trading partners in the US.According to the CNBC report, the stagnation is expected to last for six months. The tariff comes after weeks of conversation between Trump and Von Der Leyen on disputes and comprehensive trade issues.A spokesman for the European Union Commission said in a statement, “On 27 July 2025, European Commission Chairman Ursula von deer Leyen and US President Donald J. Trump agreed to an agreement on tariffs and business.”The European Union has described the agreement as one that “restores stability and forecast for citizens and businesses on both sides of the Atlantic.” The Commission also said that it will continue to work with the US to finalize the joint statement, as per the agreements on 27 July. “As part of the deal, Trump announced a 15 percent tariff on most European goods entering the US. In turn, the European Union promised to remove several trade obstacles, including eliminating all European Union tariffs on American industrial exports.The White House also claimed that the European Union would buy US energy of $ 750 billion and would invest another $ 600 billion in the US economy. However, the questions remain on how these commitments will be met, as the European Union cannot make private companies mandatory to make such purchases.The European Union has clarified that the July deal is a political agreement and “is not legally binding.”A senior European Union official said that both sides were working on the details of the agreement of the leaders and expected to share more information “very, very soon”.An European Union official also warned that suspension can be reversed if the dialogue is broken. A senior European Union official said, “We put it back to the freezer and we can always take it out when needed, so we can always ignore suspension.”Following this deal, the European Union exports will face 15 percent tariff starting on August 8. This rate is higher than Trump before returning to the White House, but is still much less than 30 percent that he had earlier threatened.