EU, Donald Trump and punishing tariffs
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The European Union will delay the implementation of its trade countermeasures against the United States from Monday until early August to allow more time to negotiate a deal.
The European Union is heading towards a trade deal with Washington that would result in a broad 15% tariff on EU goods imported into the U.S., avoiding a harsher 30% levy slated to be implemented from August 1,
13don MSN
The EU is delaying retaliatory tariffs on U.S. goods, in hopes of reaching a deal by Aug. 1
The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday
The EU says its negotiators are working "might and main" on a deal, but the decision rests with US President Trump.