EU delays retaliatory trade tariffs against US

The European Union has decided to delay the implementation of retaliatory trade tariffs against the United States. The tariffs, initially scheduled to take effect on Tuesday, have now been pushed back to early August. The EU's decision to postpone the implementation of these countermeasures comes amid ongoing negotiations between the two parties. The delay provides an opportunity for further discussions and potential resolution of the trade dispute. The trade tensions between the EU and the US have been simmering for some time, with the US imposing tariffs on European goods, such as steel and aluminum. In response, the EU had planned to introduce its own set of tariffs on a range of American products. By delaying the implementation of these retaliatory measures, the EU is signaling a willingness to find a diplomatic solution to the trade conflict. The parties involved are likely to continue negotiations in the coming weeks, with the aim of reaching a mutually acceptable agreement and avoiding an escalation of the trade war.