The European Union has suspended its announced retaliatory tariffs against the United States in favour of negotiating a deal, saying it has “taken note” of Trump’s tariff pause on every country except China.
“We want to give negotiations a chance”, said the head of the European Commission on Thursday as she mirrored President Donald Trump’s move to suspend tariffs worldwide except for trade war-minded China.
The European Union only passed its “retaliatory duties” on Wednesday afternoon, a response to Donald Trump’s steel and aluminium tariffs, which had been watered down from earlier proposals and came in at only a fraction of what the U.S. proposed to impose. Now just hours later even that mild response has been suspended, with Ursula von der Leyen saying “we
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