Europe delays prices on American products, including whiskey

CNN –

Summary The European Union delays reprisals on American products, including whiskey until April 13, pending negotiations with the United States. The two EU countermeasures, of an estimated value of $ 26 billion in US exports, will now take effect simultaneously. President Donald Trump plans to announce new reciprocal prices on global imports from April 2. The American distillers have expressed the hope that the delay could avoid the 50% devastating prices on whiskey exports. The EU trade commissioner, Maros Sefcovic, underlined the continuous commitment while preparing to calibrate the responses to American actions.

This summary was generated by AI and examined by CNN publishers.

The European Union delays the reprisals rates it announced after the United States imposed a 25% rate on steel and aluminum imports at the beginning of the month.

Countermeasures, which include higher prices on American whiskey, had to take effect from April 1 and follow a progressive approach. Instead, they will take effect both in mid-April, pending negotiations, the committee announced on Thursday.

In addition to whiskey, the first phase provided 50% prices on motor boats and motorcycles in the United States. The second phase, which was to take effect on April 13, included prices on beer, poultry, beef and products such as soy, tomatoes and raspberries.

From now on, the two phases, which cover around 26 billion ($ 28 billion) of exports of American products, should take effect on April 13.

The delay in phase One was made to charge to grant an additional time for discussions with the US administration, said spokesperson for the European Commission Olof Gill in a statement in CNN. The change represents a slight adjustment of the chronology and does not decrease the impact of our response.

President Donald Trump said that on April 2, a multitude of new prices will be announced on goods from the United States around the world as part of his pack of reciprocal prices. He also said that new higher rates on goods such as wood, cars and copper will then be announced.

This is a very positive development and gives us distiller a glimmer of hope that a 50% devastating price on American whiskey can be avoided, said the president and chief executive to the distilled council distilled in a statement on Thursday.

Angry against the countermeasures that the EU announced last week, Trump immediately threatened to impose a 200% tariff on European wines and spirits.

We know very little about the details of the announcement of the Trump price on April 2, which he called the Liberation Day in America, but she brought into play each country and the health of several savings is at stake.

Trump has already clearly indicated that no fan of EUS policies, calling them one of the most hostile and abusive tax authorities in the world in a social post last week. He also alleged that the EU had been formed for the sole purpose of taking advantage of the United States. Experts point out that the EU formed decades ago with the help of the United States as part of a joint plan to stabilize and secure Western Europe.

It is not a question of whether the EU will soon be subject to higher prices. Rather, this is their height, TD Cowen analysts said on Thursday in a note to customers.

Reciprocal prices do not simply target countries that impose higher prices on American exports compared to the levels to which the United States taxes their countries. Trump said that his administration would also take into account non -pricing measures, such as value -added taxes, which, according to him, are much more punitive than a rate, as well as digital services. Many EUS 27 member countries impose one or both of these taxes.

Maros Sefcovic, the EU trade commissioner, said that in remarks on Thursday, he convinced that continuous commitment and a positive approach was the best way to follow. In this sense, the delay can be part of a strategy to advance the best foot EUS because the rate rates are deliberate in Washington.

But he said that on April 2, the Commission will assess the measures taken by the United States to calibrate our response accordingly.

The delay certainly did not go unnoticed by the Trump administration. The White House press secretary Karoline Leavitt said on Thursday that the delay reflected the extent to which the countries take the president seriously.

They understand that he is going to do what is fine for American workers and families, she said, adding that the president and his team are in constant communication with our EU counterparts.

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