EU freezes counter-tariffs for 90 days following U.S. reprieve

• The European Union’s executive commission will suspend trade retaliation measures for 90 days to match President Trump’s pause on his new tariffs.

• New tariffs on €20.9 billion ($23 billion) of U.S. goods will be paused for 90 days.

• The move aims to give negotiations a chance and to avoid economic damage from a wider escalation of tit-for-tat tariffs.

• The EU has targeted smaller lists of goods to exert political pressure and avoid economic damage from a wider escalation of tariffs.