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The European Union said it would temporarily halt the retaliatory tariffs it approved earlier this week after President Donald Trump announced a 90-day pause on global tariffs.
TheEUonWednesdayvotedinfavorofaslewofdutiestobeimposedonUSgoodsinresponsetothepresident’sannouncementthathewouldlevyheftytariffsonEuropeanimports.Europe’sfirstroundoftariffswassettotakeeffectonApril15withanotherroundonMay15.
Now,itappearstheEUisreadytocometothenegotiatingtable,accordingtoTheWashingtonPost.
TheEuropeanUnionwillpausetheadoptionofretaliatorytariffsagainsttheUnitedStatesfor90days,theEuropeanCommissionsaidThursday,asworldleadersexpressedcautiousreliefandglobalmarketsralliedinresponsetoPresidentDonaldTrump’sdecisiontopauseandlowertariffsonmostnations.
CommissionPresidentUrsulavonderLeyensaidinastatementthatBrusselswasdelayingtheadoptionofnewcountermeasuresto“givenegotiationsachance.”But,shenoted,“alloptionsremainonthetable.”
Theretaliatorymeasures,unveiledWednesdayinresponsetoU.S.steelandaluminumduties,wo
