BRUSSELS, April 15 — The European Union (EU) has suspended the application of planned special tariffs on United States (US) products in the trade conflict with Washington until July 14, reported the German News Agency.
The EU published a notice in the EU Official Journal, implementing an announcement by European Commission President Ursula von der Leyen.
Last week, she announced that the measure, which was earlier planned for mid-April, would be suspended for around three months.
The postponement is a reaction to the actions of US President Donald Trump, who, after major turbulence on the stock and financial markets, had unexpectedly decided to grant many countries a 90-day break from certain tariffs. This breathing space is now to be used for negotiations.
The European Commission announced that European Commissioner for Trade Maroš Šefčovič is currently in the US "to sound out the ground for a negotiated solution at meetings with his US colleagues. "
Should the talks not be satisfactory, the EU will take countermeasures.
— Bernama
