The European Commission suspended countermeasures on US customs tariffs after Washington and Brussels reached a trade agreement.
In recent months, the European Commission had prepared a list of American products to be taxed if the United States and the European Union failed to reach a deal, which included goods worth €93 billion, such as soybeans, aircraft, and cars.
However, after months of negotiations, Brussels and Washington achieved a trade agreement at the end of July, with US President Trump imposing a 15% import duty on European products entering the United States.
"The Commission has today approved the legal procedure to suspend the European countermeasures," said spokesperson Olof Gill.
Nonetheless, the European Union does not rule out reactivating the countermeasures if new issues arise with the Trump administration. "We’re putting the measures on ice, but we can always bring them back," a European official told Belga News Agency.
