The European Union announced today that it would suspend its retaliatory tariff on US goods for 90 days after American President Donald Trump imposed a similar pause on levies. European Commission President Ursula von der Leyen acknowledged Trump’s announcement and confirmed the suspension of new tariffs on US goods for 90 days to facilitate negotiations.
However, she cautioned that countermeasures would be implemented if talks proved unsuccessful. Trump had previously imposed a 20 percent duty on EU goods as part of his broader tariff strategy against international trading partners, but offered a 90-day negotiation window to resolve trade concerns.
