The European Union has postponed its retaliatory tariffs against U.S. steel and aluminum imports until mid-April, aligning this action with new countermeasures to facilitate discussions with the U.S. administration. The delays will now take effect on April 15, following a vote by EU member states in favor of the commission’s proposal. These tariffs, projected to impact U.S. exports worth up to 26 billion euros, will aim to counterbalance the economic effects of U.S. duties. The EU emphasizes that the delay does not lessen the impact of its response.

Source: https://www.supplychaindive.com/news/european-union-delays-tariffs-us-trump/743073/