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European Union pauses planned retaliatory tariffs on the U.S. for six months
Following a late July development, in which the framework of a large trade deal between the United States and the 27-nation bloc comprising the European Union, which collectively represents the largest trading partner for the U.
EU suspends retaliatory packages in deal with US
"The EU continues to work with the US to finalize a Joint Statement, as agreed on July 27," an EU spokesperson said in a statement. "With these objectives in mind, the commission will take the necessary steps to suspend by six months the EU's countermeasures against the US, which were due to enter into force on Aug 7."
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