EU pauses retaliatory duties for 90 days after Trump delays new tariff regime

The European Union has put on hold plans to impose retaliatory tariffs on U.S. goods after President Trump announced he was pausing his order to ratchet up new U.S. tariffs on the EU and a host of other trading partners. “While finalising the adoption of the EU countermeasures that saw strong support from our Member States, we will put them on hold for 90 days,” EU Commission President Ursula von der Leyen said in a statement on Thursday. Von der...