EU Pauses Tariff Retaliation Amid Unresolved Trade Dispute

The European Union has suspended planned retaliatory tariffs on $93 billion (€93 billion) worth of U.S. goods for six months as it works toward finalizing a broader trade agreement. This decision follows a framework deal between EU Commission President Ursula von der Leyen and U.S. President Donald Trump, even as a 15% U.S. tariff on most EU goods is set to take effect soon. Despite the suspension, the U.S. has not lowered tariffs on EU cars and certain strategic sectors, leaving key issues unresolved. Further executive orders from the U.S. are anticipated, adding uncertainty to the situation. EU officials say the move aims to provide stability and protect jobs while negotiations continue. The future remains uncertain for several industries, particularly the European auto sector, pending resolution of the remaining disputes.