EU Delays Retaliatory Tariffs as US Escalates Trade Measures

The European Union postpones its planned tariffs to mid-April, seeking negotiations after the US imposes new duties on steel and aluminum exports worth billions.

• The EU has delayed its retaliatory tariffs on US goods, initially set for early April, to mid-April to allow room for further negotiations.
• New US tariffs of 25% on EU steel and aluminum imports, affecting exports worth 26 billion euros, are now in effect.
• The EU's planned retaliatory tariffs will target politically sensitive US goods such as Bourbon whiskey, motorcycles, and peanut butter, with some duties reaching 50%.
• The US has announced additional tariffs on EU cars and other goods, which are expected to take effect on April 2.
• The EU's delay aims to prevent unnecessary economic harm and foster dialogue with the US, as both sides brace for significant trade and economic impacts.

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