The European Union has decided to suspend its planned retaliatory tariffs on US goods, valued at 93 billion euros, following a trade agreement between

The European Union (EU) announced on Tuesday that it is suspending its retaliatory tariffs on US goods worth 93 billion euros ($107 billion) after Brussels struck a deal with Washington last month. "The commission has today adopted the necessary legal procedures to suspend the implementation of our EU countermeasures,

As the EU and the US continue negotiating a joint statement to formalise their tariff deal, the EU executive is again postponing a package of countermeasures that were due to enter into force on 7 August.