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The EU is delaying retaliatory tariffs on US goods in hopes of reaching a deal by Aug. 1
The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday.
Dow futures drop 200 points on Sunday after Trump slaps 30% tariff on Mexico and the EU: Live updates
S&P 500 futures lost 0.5%, while Nasdaq 100 futures dropped 0.6%. Futures for the Dow Jones Industrial Average fell 204 points, or 0.5%.
EU says it could retaliate against US tariffs if no trade deal is reached
The EU paused planned countermeasures against the US after Trump delayed a tariff hike. But a new 30% rate has the bloc considering retaliation.
Banking analyst urges tough response to Trump's tariff threats
Some investors and economists have also noted Trump's pattern of backing off his tariff threats. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider,
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