The European Union will put retaliatory tariffs on the United States on hold following President Donald Trump’s Wednesday announcement that he was pausing most tariffs on all countries except China.
European Commission President Ursula von der Leyen said Thursday that the body would put a 90-day pause on its retaliatory actions in order for negotiations to take place. That is the same amount of time that Trump said he would pause most tariffs on all countries but China to work out trade deals that are more favorable to the United States.
In a statement posted on X, von der Leyen said that European retaliatory tariffs could still take effect if negotiations fell through.
“We took note of the announcement by President Trump. We want to give negotiations a chance. While finalising the adoption of the EU countermeasures that saw strong support from our Member States, we will put…
