The European Union is delaying until mid-April its retaliatory trade action over the Trump administration’s increase in tariffs on all steel and aluminum imports.

The European Union will take "a bit of time" before it responds to the new reciprocal tariff rates U.S. President Donald Trump plans to outline on April 2, Irish Prime Minister Micheal Martin said on Wednesday.

In his first term, Trump also targeted the alcohol industry. A series of tit-for-tat tariffs hit alcohol products in the U.S. and the EU. The Biden administration suspended those tariffs, but now the industry is once again in the crosshairs. The industry has still been recovering from that first tariff spat.