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China has taken a fresh step and retaliated against President Trump's tariffs.
Beijing boosted tariffs on U.S. goods there now at 125 percent.
Meanwhile, the European Union is holding off on its new tariffs on U.S. goods, mimicking a pause by President Trump.
Terry Schultz has more from Brussels.
We want to give negotiations a chance.
European Commission President Ursula von der Leyen wrote in a post on X in announcing a 90-day pause in the imposition of tariffs on U.S. imports to the EU.
But she added the bloc remains ready to go ahead with the measures if the U.S. doesn't want to talk things out.
Commission spokesperson Olaf Gill explains the two-track approach.
We believe these types of tariffs are harmful, counterproductive, and on the other hand,
to show that when it comes to these types of escalations, we're not going to be pushed around.
The measures suspended by the EU are in response to Trump's first round of tariffs on steel and aluminum,
which he has not removed.