FILE PHOTO: A European Union flag flutters outside the European Commission headquarters in Brussels, Belgium April 9, 2025. REUTERS/Yves Herman/File Photo
WARSAW (Reuters) - With higher U.S. tariffs postponed by 90 days, European Union finance ministers will brainstorm on Friday how to use that time to reach a trade deal with Washington and how to coordinate their efforts to handle higher levies if they are unsuccessful.
U.S. President Donald Trump said on Wednesday he was suspending the reciprocal tariffs of 20% he imposed on Europe on April 2 for 90 days, though his 10% rate remains in place as it does for most other countries globally. He also said he expected Europe to buy more U.S. energy to rebalance the EU-U.S trade relationship in goods.
