- EU Suspends Countermeasures: On April 14, 2025, the EU published countermeasures against US tariffs on steel and aluminum but suspended their implementation for 90 days to allow continued negotiations with US authorities.
- Postponed Tariff Implementation: Originally planned for April 15 and May 16, 2025, additional EU tariffs are now postponed to July 15, 2025, affecting various products, including textiles and agricultural goods.
- Business Strategy and Monitoring: Businesses should monitor trade flow impacts and consider strategic actions, including supply chain adjustments and tariff classification review, to manage potential effects from evolving tariffs.
Source EY
