EU delays imposing first round of retaliatory tariffs against US until mid-April
By Pilar Arias , Bonny Chu | Fox Business
The European Union (EU) has delayed imposing its first retaliatory tariffs against the U.S. until mid-April, after President Donald Trump threatened a 25% tariff increase on all steel and aluminum imports earlier this month, according to Reuters.
The countermeasures of around $28 billion on U.S. goods, including a 50% tariff on American whiskey, were originally set to phase in on April 1, with a second wave to hit on April 13.
However, the EU decided on Thursday to delay imposing all retaliatory tariffs until mid-April, Reuters reported.
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