Last Thursday, the European Union announced they would suspend retaliatory tariffs on America for 90 days. This comes a day after President Trump elected to suspend tariffs on more than 75 countries for the identical number of days.
“We want to give negotiations a chance… if negotiations are not satisfactory, our countermeasures will kick in,” European Commission President Ursula von der Leyen said in a statement.
Von der Leyen also reiterated that she wants America to accept a zero-for-zero trade offer on industrial goods.
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