The European Union will delay its retaliatory tariffs on U.S. goods for 90 days, following a temporary tariff reduction by the U.S. President. The pause aims to give negotiations a chance. Talks follow new U.S. tariffs on steel, aluminum, and other goods that sparked market reactions globally.

BulletsIn

• EU halts counter-tariffs on U.S. goods for 90 days
• Move follows U.S. cutting tariffs to 10% for most countries
• U.S. kept 125% tariffs on China; EU spared major hike
• EU planned duties on U.S. steel, aluminum, food, machinery
• First EU tariff batch was set for April 15, now paused
• EU seeks fair trade talks; warns countermeasures still possible
• U.S.-EU trade tensions worsening since early 2025
• Trump accuses EU of unfair trade imbalance
• EU boosting other global trade ties as backup
• Markets surged globally; euro rose 1.2% against dollar