US President Donald Trump has backed away from a threat to impose 50 per cent tariffs imminently on imports from the European Union, giving more time for talks between Washington and the 27-nation bloc to produce a deal.
Economically, both sides have much at stake.The United States was the trading bloc’s biggest export partner in 2024, making up 20.6 per cent of exports, according to Eurostat.
Medicinal and pharmaceutical products
