The EU has extended its suspension of trade countermeasures against the US until August 2025, as highlighted by President Ursula von der Leyen. This decision follows the initial response to proposed tariffs up to 30% by the US.
Despite the substantial trade volume of around 93 billion EUR, the market reaction remains muted due to no direct impact on digital assets like Ethereum (ETH), demonstrated by stable on-chain data.
The EU is prepared to use a ‘Trade Bazooka’ as a strategic tool in negotiations, indicating a proactive approach while emphasizing the importance of discussions to resolve trade differences.
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