EU delays implementing first retaliatory tariffs on U.S. goods to middle of April-OxBig News Network

The European Union will delay implementing its first set of tariffs on goods from the U.S. until the middle of April to allow for additional time for discussions with Washington, an EU spokesperson told CNBC Thursday.

“The Commission has decided to align the timing of the two sets of EU countermeasures against US 232 tariffs on EU steel and aluminum,” the spokesperson told CNBC.

“The change represents a slight adjustment to the timeline and does not diminish the impact of our response, in particular as the EU continues to prepare for retaliation of up to EUR 26 billion.”

The delay “provides additional time for discussions with the US administration,” EU spokesperson noted.

The EU had earlier in March indicated it would follow a two-pronged approach of re-imposing previously suspended tariffs and introducing a slew of additional duties on further goods exported by the bloc to the U.S.

Those include industrial-grade steel and aluminum, other steel and aluminum semifinished and finished products, along with their derivative commercial products, such as machinery parts and knitting needles.

A broad range of other products could also be in line for duties, including bourbon, agricultural products and other industrial goods like textiles, leather goods, home appliances and more.

“Our goal is to strike the right balance of products, taking into account the interests of EU producers, exporters and consumers,” the EU spokesperson told CNBC Thursday.

The bloc had initially announced the measures just as U.S. President Donald Trump‘s 25% tariffs on steel and aluminum imports came into effect. The EU must “act to protect businesses and consumers,” European Commission President Ursula von der Leyen said at the time.

The EU at the time also said that it was expanding its own measures beyond those previously implemented as “the new US tariffs are significantly broader in scope and affect a significantly higher value of European trade.”

“The objective is to ensure that the total value of the EU measures corresponds to the increased value of trade impacted by the new US tariffs,” the bloc said in an explainer about its plans.

— CNBC’s Holly Ellyatt contributed to this report.

This developing story will be updated shortly.