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EU to halt $109.19-bn retaliatory trade package against US for 6 mnths

27 Jan '26

1 min read

EU to halt $109.19-bn retaliatory trade package against US for 6 mnths

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The European Commission recently said it would propose suspending for another six months a $109.19-billion EU package of retaliatory trade measures against the US that would otherwise kick in on February 7.
The package was put on hold for six months when both sides agreed on a joint statement on trade in August 2025.
But if a need arises, the measures can be unsuspended, the Commission clarified.

The European Commission recently said it would propose suspending for another six months a €93-billion ($109.19-billion) European Union (EU) package of retaliatory trade measures against the United States that would otherwise kick in on February 7.

The package was put on hold for six months when Brussels and Washington agreed on a joint statement on trade in August 2025.

President Donald Trump's recent warning to impose new tariffs on eight EU countries over the US urge to acquire Greenland had made the retaliatory package a useful tool for the EU to use. Trump later withdrew his threat.

"With the removal of the tariff threat by the US we can now return to the important business of implementing the joint EU-US statement," Commission spokesman Olof Gill said.

The Commission will soon make a proposal "to roll over our suspended countermeasures, which are set to expire on Feb 7," Gill said.

"Just to make absolutely clear—the measures would remain suspended, but if we need them at any point in the future, they can be unsuspended," he added.

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