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EU and US Trade Dispute: A Pause in Retaliation

#eu #us #trade #dispute #retaliation

EU pauses trade retaliation against US after Trump’s 30% tariff threat - Financial Times

EU and US Trade Dispute: A Pause in Retaliation

The ongoing trade dispute between the European Union (EU) and the United States (US) has taken a new turn. After US President Donald Trump's threat of imposing a 30% tariff on European goods, the EU has decided to pause its retaliatory measures. European Commission President Ursula von der Leyen has called for a negotiated solution to the dispute, stating that an escalation of trade tensions would only harm both sides. This decision marks a positive step towards finding a resolution to the ongoing trade conflict between two of the world's largest economies.

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