countermeasures

ChainCatcher news, according to Jinshi reports, market news says that the EU will suspend trade countermeasures against the United States for 6 months.

ChainCatcher news, according to Xinhua News Agency, Li Chenggang, the international trade negotiation representative and deputy minister of the Ministry of Commerce of China, stated on the 29th that in the past day and a half, the economic and trade teams of China and the United States have continued to utilize the China-U.S. economic and trade consultation mechanism based on the consensus reached during the phone call between the two heads of state on June 5, engaging in in-depth, candid, and constructive exchanges on major issues of mutual concern.According to the consensus between China and the United States, both sides will continue to promote the extension of the 24% reciprocal tariffs that the U.S. has suspended, as well as China's countermeasures, as scheduled.

ChainCatcher news, according to Jinshi reports, EU diplomats stated that the EU is exploring broader potential countermeasures against U.S. tariffs, while the EU still prioritizes resolving issues with the U.S. through negotiations.

ChainCatcher news, according to Jinshi reports, European Commission President Ursula von der Leyen stated that the suspension period for countermeasures against U.S. tariffs will be extended to early August, and she has consistently expressed a preference for reaching a solution through negotiations with the United States, a position that remains unchanged. The countermeasures are designed for unconventional situations and have not yet reached the stage of implementation.

ChainCatcher news, European Commission President Ursula von der Leyen issued a statement saying that the EU has noted a letter from U.S. President Trump, which outlines the revised tariff rates and a new timeline.The statement indicated that the 30% tariff imposed by the U.S. on EU export products would disrupt important supply chains across the Atlantic and harm the interests of businesses, consumers, and patients on both sides. The statement noted that globally, few economies can match the EU in terms of openness and adherence to fair trade rules. The EU has always been committed to resolving differences with the U.S. through negotiation.The statement said that the EU remains prepared to continue efforts to reach an agreement before August 1. Meanwhile, all necessary measures will be taken to protect the interests of the EU, including proportional countermeasures when necessary. At the same time, the EU will continue to deepen global partnerships, firmly based on the principles of rules-based international trade. (CCTV)

ChainCatcher news, according to a report by Yuyuan Tan cited by Jinshi, since the China-U.S. Geneva economic and trade talks, both sides have maintained communication on their respective concerns in the economic and trade fields through various bilateral occasions and at multiple levels. China's "sincerity" and "principles" in the consultations are also related to this.The so-called "sincerity" refers to the fact that on non-principled issues, China will respect the concerns of the U.S. and can strive for a win-win outcome through the consultation mechanism, especially in technical consultations, where China has flexible space.As for "principles," it has at least two meanings—facing the unilateral tariffs from the U.S., China still has countermeasures. In response to the coercion or threats during negotiations from the U.S., China firmly opposes and advises the U.S. to abandon such tactics.

ChainCatcher news, according to Jinshi reports, an EU Commission spokesperson said, "We strongly regret the United States' announcement to raise steel import tariffs. The EU is ready to take countermeasures against the U.S. tariff increase, and the Commission is currently in the final stages of consultations to expand countermeasures."

ChainCatcher news, according to Jinshi reports, EU Trade Commissioner Dombrovskis stated that we proposed to the United States to implement zero tariffs on goods, and if no trade agreement is reached, we are also prepared to respond. If necessary, we are ready to take countermeasures.It is estimated that due to U.S. tariffs, the EU's GDP could lose 0.2%-0.6%; Europe does not want to see such a tariff war.

ChainCatcher news, according to Jinshi reports, European Commission President Ursula von der Leyen stated that the EU has agreed to suspend retaliatory measures against U.S. tariffs set for April 15 for a period of 90 days. Preparations for further retaliatory measures are still ongoing, and all options remain on the table.

ChainCatcher news, according to Jinshi reports, EU diplomats stated that the EU is considering suspending the countermeasures against U.S. tariffs scheduled for April 15 for a period of 90 days.

ChainCatcher news, according to Jinshi reports, Minister of Commerce Wang Wentao sent a letter to the new U.S. Trade Representative Katherine Tai, expressing China's concerns regarding the U.S. tariffs on Chinese products exported to the U.S.Wang Wentao emphasized that recently, the U.S. imposed a 10% tariff on Chinese products under the pretext of issues such as fentanyl. China firmly opposes this and has taken corresponding countermeasures, which is a necessary step to protect China's legitimate rights and interests.Wang Wentao stated that China also noted that President Trump signed the "America First" trade policy memorandum on January 20, which includes several investigations targeting China. He hopes that the U.S. will conduct assessment investigations with an objective, rational, and professional attitude, and increase transparency. It is normal for there to be differences between China and the U.S. in the economic and trade fields, and these concerns should be resolved through equal dialogue and consultation.

ChainCatcher news, according to IBTimes, former U.S. President Trump signed an executive order imposing tariffs on steel and aluminum imports from several countries and regions, including the European Union, starting March 12, 2025. According to the order, aluminum products imported from Argentina, Australia, Canada, Mexico, EU countries, and the United Kingdom will be subject to additional ad valorem tariffs.European Commission President von der Leyen stated that the EU will take "firm and proportionate countermeasures" against the "unreasonable" tariff decision by the U.S. to protect the economic interests, workers, businesses, and consumers of the EU. EU Trade Commissioner Šefčovič warned that this is a "lose-lose" situation, as the tariffs will result in U.S. citizens being taxed, increasing business costs and exacerbating inflation.