The European Union has delayed its first salvo of counter-tariffs against the United States over Washington’s metals levy until mid-April, allowing it time to rethink which American goods to target and give extra time for negotiations.
The European Commission, the 27-nation bloc’s executive branch, had proposed reimposing 2018 tariffs on 4.5 billion euros ($4.9 billion) of U.S. products from the start of next month, followed by whacking another 18 billion euros ($19.5 billion) of U.S. goods on April 13.