The European Union will put on hold for 90 days its first countermeasures against U.S. President Donald Trump's tariffs, European Commission President Ursula von der Leyen said in a statement on X.

The European Commission president said the pause is an important step toward stabilizing the global economy, as she repeated the EU’s zero-for-zero tariff offer to the U.S.

The European Union will pause its first tranche of retaliatory tariffs on U.S. goods for 90 days, the European Commission announced Thursday. EC President Ursula von der Leyen said the bloc had taken note of U.