The European Union will delay its planned retaliatory tariffs against the U.S., originally set to begin Thursday, as part of a deal reached between President Trump and European Commission President Ursula von der Leyen.
- Following weeks of trade talks, the EU has agreed to a six-month suspension of its countermeasures in a move seen as a concession to ease transatlantic trade tensions.
- An EU trade spokesperson said the 27 July agreement aimed to restore stability and predictability for businesses and citizens.
- The formal pause is expected to take effect on Tuesday, as both sides work toward finalising a Joint Statement on trade.
This article was written by Eamonn Sheridan at investinglive.com.