U.S. President Donald Trump meets with European Commission President Ursula von der Leyen, in Turnberry, Scotland, Britain, July 27, 2025.
Evelyn Hockstein | Reuters
The European Union announced Monday that it is suspending for six months its planned countermeasures against the United States’ tariffs, which which were set to take effect this week.
“On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade,” the EU Commission spokesperson for trade said in a statement.
The spokesperson touted the agreement as restoring “stability and predictability for citizens and businesses on both sides of the Atlantic.”
“The EU continues to work with the US to finalise a Joint Statement, as agreed on 27 July,” the spokesperson said.
“With these objectives in mind, the Commission will take the necessary steps to suspend by 6 months the EU’s countermeasures against the US, which were due to enter into force on 7 August.”
The White House did not immediately respond to CNBC’s request for comment on the European Union announcement.
The delay represents a major concession from one of the United States’ largest trading partners, following weeks of negotiations between Trump and von der Leyen.
Trump last month announced a trade deal with the EU that included 15% tariffs on most European goods to the U.S., including automobiles.
Trump also said that the 27-member bloc agreed to buy $750 billion worth of U.S. energy and invest an additional $600 billion worth of investments into the U.S. above current levels.
As part of the deal, the White House said that the EU “will remove significant tariffs, including the elimination of all EU tariffs on U.S. industrial goods exported to the EU.”
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