The European Union has agreed to suspend two major packages of retaliatory tariffs against the United States for six months following a July 27 meeting between President Donald Trump and European Commission President Ursula von der Leyen, where both sides reached a new trade consensus involving 15% tariffs on European exports, €93 billion in suspended duties, and massive EU investments in U.S. energy and infrastructure, signaling a shift in transatlantic trade relations amid ongoing global economic uncertainty.
