EU applies 90 day retaliatory tariff suspension

Yonhap News reported that the European Union (EU) confirmed the suspension of retaliatory tariff measures against the United States. The suspension will be applied for 90 days from April 15 onwards. This decision is a response to U.S. President Donald Trump's announcement last week that he would suspend the imposition of reciprocal tariffs relative to certain countries, including EU member states, for 90 days.