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Clock ticks on EU retaliation suspension amid unfinished US trade talks

By Joanna Sopinska ( July 11, 2025, 15:21 GMT | Insight) -- As the suspension of the EU’s 21 billion-euro retaliation against US steel tariffs nears its expiry on Monday, July 14, the bloc’s trade ministers will meet that day to discuss a possible extension, amid ongoing talks with Washington on a limited tariff deal. While the EU is ready to sign the agreement in principle, final approval hinges on US President Trump. To avoid escalation, the bloc is likely to extend the suspension.The EU's suspension of its first 21 billion-euro ($24.5 billion) retaliation package against US steel tariffs is set to expire on July 14, unless member states agree to extend it amid ongoing trade talks with Washington. EU trade ministers will discuss the potential extension at a meeting in Brussels on Monday....

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