Politics
EU chief welcomes Trump’s announcement of pause in tariffs
Credit: dpa/NAN
European Commission President, Ursula von der Leyen, on Thursday, welcomed U.S. President Donald Trump’s announcement that he was pausing new “reciprocal tariffs’’ on most countries for 90 days to allow for negotiations.
“It’s an important step toward stabilising the global economy.
“Clear, predictable conditions are essential for trade and supply chains to function.
“The European Union remains committed to constructive negotiations with the U.S., with the goal of achieving frictionless and mutually beneficial trade,’’ von der Leyen said.
On Wednesday, EU member states agreed to retaliatory tariffs of 10 per cent to 25 per cent on U.S. imports, which are due to be implemented from next week.
This was in response to the U.S. tariffs on steel and aluminium imports imposed about a month ago.
U.S stocks showed an astonishingly strong move back to the upside on Wednesday following Trump’s announcement, after the nosedive seen over the past few days.
-
Latest2 days agoMakinde declares 2027 presidential bid under PDP–APM alliance
-
Featured2 days agoObasanjo faults Tinubu’s economic reforms, calls them necessary but poorly designed
-
Business3 days agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Latest5 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Featured3 days agoWike dismisses political speculation over meeting with APC Chairman Yilwatda
-
Latest2 days agoWike says Makinde’s presidential ambition dead on arrival
-
Comments and Issues3 days agoPolitical Parties Primaries: Consensus or Coronation?
-
Business3 days agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity