European Commission Proposes Six Month Extension of Suspension for 93 Billion Euro Trade Retaliation Package Against United States
The European Commission will extend the suspension of 93 billion euros in trade measures against the United States for six months past the February deadline.
Insights:
On Friday, January 23, 2026, the European Commission 
EUannounced its proposal to suspend a 93 billion euro retaliatory trade package against the United States 
USfor an additional six months. The decision extends the current pause on measures that were previously scheduled to expire on February 7, 2026. This move follows the recent removal of tariff threats made by President Donald Trump donald trumplast week against eight European nations over the push by the United Statesto acquire Greenland.
EUannounced its proposal to suspend a 93 billion euro retaliatory trade package against the United States USfor an additional six months. The decision extends the current pause on measures that were previously scheduled to expire on February 7, 2026. This move follows the recent removal of tariff threats made by President Donald Trump donald trumplast week against eight European nations over the push by the United Statesto acquire Greenland.The retaliatory package, valued at 93 billion euros or 109.19 billion in terms of the Euro to US Dollar exchange, was originally prepared in the first half of 2025 during trade negotiations between the EUand the US. These measures were initially put on hold for six months in August 2025 when the EUand the USagreed on a joint statement on trade. The new extension allows both parties to continue the implementation of that agreement without immediate escalation.
