EU pauses retaliatory tariffs following Trump’s trade U-turn

The European Union has announced a 90-day pause on countermeasures against the United States, a day after President Donald Trump unveiled a similar pause on his “reciprocal” tariffs.

“We want to give negotiations a chance,” European Commission President Ursula von der Leyen said Thursday.

This comes after the EU on Wednesday announced it would begin collecting higher duties on US imports, in retaliation for the steel and aluminum tariffs announced by Trump in March.