EU-US trade talks: European bloc halts tariff retaliation after Trump deal; pause expected to last six months

The European Union has decided to suspend its planned retaliatory tariffs on US goods, valued at 93 billion euros, following a trade agreement between US President Donald Trump and European Commission President Ursula von der Leyen. This six-month pause, a significant concession from the EU, aims to restore stability and predictability for businesses on both sides of the Atlantic.