EU delays retaliatory trade tariffs against US

Brussels decides to hold off on planned measures

The European Union has decided to delay retaliatory trade tariffs against the US. The duties, which were set to be introduced in response to US steel and aluminum tariffs, were scheduled to come into force on Wednesday. The EU has opted to hold off on these measures for the time being, citing ongoing negotiations and the potential for reaching a broader trade agreement with the US. This decision follows a meeting of the EU's member states, where they discussed the ongoing trade dispute and the potential consequences of retaliatory tariffs. It remains to be seen how the US will respond to this action, and whether it will impact the ongoing efforts to negotiate a more comprehensive trade deal.