European Commission President Ursula von der Leyen on Thursday welcomed U.S.
European Commission President Ursula von der Leyen on Thursday welcomed U.S. President Donald Trump’s unexpected decision to pause sweeping tariffs for most countries, calling it “an important step towards stabilizing the global economy.”
The move came as part of a dramatic shift in the U.S. trade stance, offering relief to allies while escalating a parallel confrontation with China. On Wednesday, Trump halted new tariffs on dozens of countries — including EU member states — for 90 days, triggering a global market rally. The S&P 500 surged 9.5%, while Japan’s Nikkei index rose 8% in Thursday trading.
“Clear, predictable conditions are essential for trade and supply chains to function,” von der Leyen stated. “Tariffs are taxes that only hurt businesses and consumers. That’s why I’ve consistently advocated for a zero-for-zero tariff agreement between the European Union and the United States.”
Despite the pause, tensions remain. The EU had approved retaliatory tariffs on around €21 billion of U.S. goods just hours before Trump’s announcement, in response to earlier duties on European steel, aluminum, and cars. The European Commission has not yet confirmed whether those measures will be delayed.
Meanwhile, Trump intensified his trade offensive against China. U.S. tariffs on Chinese imports jumped to
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