ICYMI – EU delays retaliation in opposition to Trump tariffs for six months

The European Union will delay its deliberate retaliatory tariffs in opposition to the U.S., initially set to start Thursday, as a part of a deal reached between President Trump and European Fee President Ursula von der Leyen.

• Following weeks of commerce talks, the EU has agreed to a six-month suspension of its countermeasures in a transfer seen as a concession to ease transatlantic commerce tensions.
• An EU commerce spokesperson stated the 27 July settlement aimed to revive stability and predictability for companies and residents.
• The formal pause is predicted to take impact on Tuesday, as either side work towards finalising a Joint Assertion on commerce.

This text was written by Aaron Cutchburt at investinglive.com.