EU is to suspend retailatroy tariffs on EUR 93bln of US goods for a six month period, Bloomberg reports citing spokesperson Gill

EU is to suspend retailatroy tariffs on EUR 93bln of US goods for a six month period, Bloomberg reports citing spokesperson Gill.

The EU's decision to suspend retaliatory tariffs on €93 billion of US goods for six months marks a notable gesture towards improving transatlantic trade relations. This could ease tensions between the EU and the US, potentially leading to a more favorable environment for risk assets, particularly in sectors reliant on trade. However, it's important to monitor if this is merely a temporary measure or indicative of a longer-term shift in trade dynamics.