Europe to Pause U.S. Counter-Tariffs for Six – Money News
The European Union will pause the retaliatory tariffs it had supposed to impose on U.S. items had it failed to secure a commerce deal. “The commission will take the necessary steps to suspend by six months the EU’s countermeasures against the U.S.,” European Commission spokesperson Olof Gill mentioned on Monday. The EU and U.S. final month struck a deal that places baseline tariffs at 15% on most European items.
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