US and EU Negotiate Trade Dispute as New Tariffs Loom

The US has announced a 25% tariff on Venezuelan oil importers while EU retaliatory tariffs are delayed until mid-April to allow further talks.

US President Donald Trump announced a 25% tariff on countries importing oil and gas from Venezuela, effective April 2, as part of a broader pressure campaign against the Maduro government.
The EU has delayed its planned retaliatory tariffs on US goods until mid-April to provide more time for negotiations aimed at de-escalating trade tensions.
Negotiations between EU Trade Commissioner Maros Sefcovic and US officials, including Trade Representative Jamieson Greer, are underway in Washington.
The US is reportedly considering less comprehensive tariffs than initially expected, focusing on targeted measures rather than broad sector-wide penalties.
Trump has also threatened 200% tariffs on European alcoholic beverages if the EU moves forward with tariffs on American whiskey, further complicating the trade dispute.