Brief by Shorts91 Newsdesk / 02:03pm on 10 Apr 2025,Thursday International
The European Union suspended €20 billion ($21.8 billion) in retaliatory tariffs for 90 days after US President Donald Trump paused steep hikes on global imports—except from China. The move, hailed as a step toward stabilizing the global economy, follows Trump's decision to maintain a 10% universal levy and impose a 125% duty on Chinese goods. China retaliated with 84% tariffs and limited Hollywood imports. EU chief Ursula von der Leyen warned talks must be productive or countermeasures will resume. Canada, Vietnam, and Pakistan have signaled willingness to negotiate. Markets rallied globally on hopes of easing trade tensions. (PC: NDTV)
