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EU grants partial truce to U.S. over Trump tariffs

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Reuters

By Philip Blenkinsop BRUSSELS (Reuters) -The European Union has agreed to a partial truce with the United States in a dispute over metal tariffs imposed by former president Donald Trump and to start discussions on global overcapacity and China’s “trade-distorting” policies. The European Commission, which oversees EU trade policy, said on Monday it would suspend a planned hike of retaliatory tariffs for up to six months. These would have added U.S. products from lipstick to sports shoes and doubled to 50% duties on U.S. bourbon whiskey, motorbikes and motor boats on June 1. In a joint statement…

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