💨 Abstract

European trade ministers convened in Brussels to address U.S. President Donald Trump's new 30% tariffs on EU goods, set to start August 1. The EU aims to avoid immediate countermeasures but is prepared to respond. Brussels suspended retaliatory tariffs to allow for potential negotiation and trade deal by the end of July. The tariffs, which also target Mexico, could impact a wide range of products and economies.

Courtesy: WTOP Staff