The European Commission announced on Monday that it would propose to freeze for another six months the EU's 93 billion euro package of trade retaliatory measures against the US, which would otherwise have come into force on February 7, Reuters reported, quoted by BTA.
The package, prepared in the first half of last year, when the EU was negotiating a trade deal with the US, was suspended for six months when Brussels and Washington agreed on a joint position on trade in August 2025.
US President Donald Trump's threat last week to impose new tariffs on eight European countries over the Washington's move to acquire Greenland made the package of countermeasures a handy tool that the EU could have used if Trump had followed through on his threat, Reuters added.
“With the threat of US tariffs gone, we can now get back to the important task“ – implementing the EU-US joint statement“, said EC spokesman Olof Gill.
The Commission will soon submit a proposal to extend our suspended countermeasures, which expire on February 7, Gill said, adding that the measures would be frozen for another six months.
“Just to be very clear, I want to say that the measures will remain frozen, but if we need them in the future, they can come into force,“ Gill said.