16-April-2025
Corporate News
 
EU tariffs on US goods suspended until July 14
15-Apr-2025

The EU's retaliatory tariffs on US goods worth 21 billion euros will be on hold until July 14, Brussels said on Monday, to give time for negotiations with Washington. The European Union was hit with a 20 percent rate as part of Trump's sweeping tariffs on April 2, before he suspended the measures for 90 days a week later. To give breathing room for negotiations, the EU in turn last week halted its countermeasures on previously enacted US tariffs on steel and aluminium, and on the auto sector -- which remain in place.

News Source:- https://economictimes.indiatimes.com/news/international/global-trends/eu-tariffs-on-us-goods-suspended-until-july-14/articleshow/120285266.cms