The European Union announced a 90-day pause on the adoption of retaliatory tariffs against the United States, following President Donald Trump’s decision to lower and pause tariffs on most countries — a move that brought cautious optimism among global leaders and sparked a rally in financial markets.
European Commission President Ursula von der Leyen confirmed the decision in a post on X (formerly Twitter), stating the pause is aimed at giving diplomatic negotiations a chance. However, she warned that “all options remain on the table” if talks fail to progress.
The temporary truce signals a potential thaw in transatlantic trade tensions, which had escalated after a series of tariff announcements in recent months. Markets responded positively, with European and U.S. stock indices seeing gains on hopes of de-escalation.
