Overview

• The European Union has delayed its first set of retaliatory tariffs on U.S. goods from April 1 to mid-April.
• The postponement aligns the timing of two planned tariff measures targeting U.S. goods worth up to 22.5 billion euros.
• The tariffs are a response to U.S. Section 232 tariffs on EU steel and aluminum, which the EU disputes as unjustified.
• EU officials emphasized the delay will allow consultations with member states and further negotiations with the U.S.
• The EU is preparing for potential retaliation measures totaling up to 26 billion euros, underscoring ongoing trade tensions.