EU Suspends Retaliatory Tariffs, Awaits US Trade Talks | JQJO

The European Union (EU) has temporarily suspended planned retaliatory tariffs on $22 billion worth of US goods. This follows President Trump's reduction of tariffs on EU goods from 20% to 10%. EU President von der Leyen stated the suspension aims to facilitate negotiations, but warned that countermeasures remain an option if negotiations prove unsatisfactory. The EU's measured response reflects the need for internal consensus and political cover before implementing retaliatory actions.

A powerful coalition of federal legislators, executive branch officials, and multinational technology corporations has coalesced around a strategy of "federal preemption," seeking to strip state governments of their authority over generative AI. The coalition argues that the legal frameworks governing these technologies are in a state of flux as generative AI affects every sector of the economy, from healthcare diagnostics to creative industries. The push aims to centralize regulation at the federal level, limiting state‑level oversight of AI development and deployment.