'If negotiations not satisfactory, countermeasures will kick in': EU puts retaliatory tariffs on hold for 90 days

The European Union has decided to halt its tariffs on goods from the United States for 90 days. This follows a similar move by US President Donald Trump. Ursula von der Leyen, European Commission President, confirmed this suspension to allow trade negotiations. However, she warned that countermeasures will be taken if talks fail.