India, April 10 -- The European Union has welcomed US President Donald Trump's 3-month pause on reciprocal tariffs he imposed worldwide.
In a dramatic move Wednesday, Trump announced that he is suspending the steep hike in import tariffs for a period of 90 days, except for China.
Trump said he is going to increase duty on goods imported from China to 125 percent from 104 percent hours after China raised additional Tariffs on U.S. imports To 84 percent.
European Commission President Ursula von der Leyen said Trump's announcement to pause reciprocal tariffs is an important step towards stabilizing the global economy.
"Clear, predictable conditions are essential for trade and supply chains to function."
"Tariffs are taxes that only hurt b...