The European Commission announced on Friday that it will propose extending the suspension of a massive EU retaliatory trade package against the United States, originally valued at 93 billion euros ($109.19 billion), for another six months.
The measures, which were set to take effect on February 7, were first prepared last year amid EU-U.S. trade negotiations. They were initially paused in August 2025 after Brussels and Washington agreed on a joint statement on trade.
“The removal of the tariff threat by the U.S. allows us to return to the important business of implementing the joint EU-U.S. statement,” Commission spokesman Olof Gill said.
The package had been considered a key tool for the EU to counter U.S. President Donald Trump’s threat of new tariffs on eight European countries over Washington’s push to acquire Greenland. With Trump stepping back from those threats, the Commission decided to maintain the suspension.
Gill clarified that while the countermeasures will remain on hold, the EU retains the option to reactivate them if circumstances change. “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.
