Alex Ossola

In the European Union, lawmakers have agreed to shelve talks on the bloc's trade deal with the U.S.,

Members of the European Parliament were going to vote on approving two legal texts that are part of a trade agreement the bloc reached with the U.S.

last year.

Now that's on pause.

A spokesperson for the European Commission told reporters today that officials need more clarity before deciding on any next steps.

Meanwhile, in the U.S., business leaders are left with a flood of questions.

To answer them and to try to predict what's coming next, many business leaders spent the weekend digesting legal briefs and the president's response.

Chip Cutter covers workplace and management for the journal and has been in touch with a number of them.

Chip, how are business leaders feeling right now?

Do they feel like this latest tariff news is good for them or bad for them or something else?

And I would imagine with a legal fight, there are pros and cons to doing that.

Some of the cons being, of course, money and time.

But are there political concerns for some of these business leaders?

Business leaders have been here before, right?

We had Liberation Day.

We had the time before that and after that.

So do they feel like they know how to handle this kind of uncertainty now or does everything feel like it's on the line?

That was journal reporter Chip Cutter.

Thanks so much, Chip.

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