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President Donald Trump said April 17 that he is in “no rush” to reach any trade deals because of the revenue his tariffs are generating.

The European Union and U.S. made scant progress bridging trade differences this week as U.S. officials indicated that the bulk of the U.S. tariffs imposed on the bloc will not be removed.

The EU’s executive commission said April 10 it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s pause on his new tariffs and leave room for negotiation.

The European Union approved tariffs to hit around $23.2 billion of U.S. goods in retaliation for the 25% duties President Donald Trump imposed last month on steel and aluminum exports.

President Donald Trump rejected an EU proposal to drop tariffs on all bilateral trade in industrial goods with the U.S., meaning that his 20% tariff on all EU imports is effective April 9.

European automakers on March 27 decried the U.S. import tax on cars as a heavy burden that will punish consumers and companies alike on both sides of the Atlantic.

The anti-coercion instrument, which is subject to a number of conditions and steps, would eventually allow the EU to deploy a broad range of retaliatory responses.

The European Union is delaying its proposed 50% tariff on American whiskey until mid-April, aligning them with broader countermeasures against U.S. steel and aluminum duties.

President Donald Trump on March 13 threatened a 200% tariff on European wine, champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.

The European Union announced retaliatory trade action with new duties on U.S. industrial and farm products, responding to the Trump administration’s increase in tariffs on steel and aluminum.