Europe and America reach preliminary political agreement. The EU announces a six-month suspension of retaliatory tariffs against the US.

According to the Wise Finance and Economics app, on Monday, the European Commission announced that it will suspend the retaliatory tariffs planned against the United States for six months. The tariffs measures, originally set to take effect on Wednesday (August 7th), will be officially postponed, signaling a step towards easing tensions in trade relations between Europe and America.