Updates: Policy/News/Markets, March 20, 2025
— EU delays tariffs until mid-April on U.S. goods for negotiations. The European Union has postponed the imposition of tariffs on U.S. goods originally set for April 1, including the reinstatement of suspended tariffs on $4.9 billion worth of products like corn. A second batch, totaling $19.5 billion, was scheduled for April 13. European Trade Commissioner Maros Sefcovic stated that the delay allows time for negotiations with the U.S. and alignment of both tariff lists. The EU’s measures were in response to U.S. tariffs on steel and aluminum imports. Serious negotiations are expected to commence after April 2, when new U.S. tariffs are set to take effect. The EU said it remains open to discussions to prevent further trade escalations.