08-February-2026
Corporate News
 
EU Extends Tariff Suspension on $109.8 Billion of US Imports for Six Months
07-Feb-2026

The European Union is suspending tariffs on 93 billion euros ($109.8 billion) of U.S. imports for a further six months after an easing of tensions over U.S. President Donald Trump's claims on Greenland and threats of new tariffs, according to a filing in the EU official journal. The European Union had appeared poised to deploy the package of countermeasures in response to Trump's threats to impose tariffs over Greenland on eight European nations, six of them from the European Union. However, Trump subsequently backed off, withdrawing the tariff threats and saying a deal on the Arctic island was in sight.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-06/eu-extends-tariff-suspension-on-109-8-billion-of-us-imports-for-six-months