The European Union says it is putting its retaliatory tariffs against the US on hold after US President Donald Trump paused his tariff hikes for 90 days.
European Commission President Ursula von der Leyen said the EU wants "to give negotiations a chance" after Trump announced yesterday that there would be a 90-day pause for nations hit by higher US import tariffs.
Trump’s universal 10% levy for all countries, except China, remains in place – as does the 25% rate for all aluminium, steel, and cars entering the US.
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