The Latest Breaking News from European Union

‘We want to give negotiations a chance,’ says Ursula von der Leyen in announcement of 90-day pause

The European Union’s executive commission says it will put on hold for 90 days its retaliation measures against new U.S. tariffs to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution

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The White House has paused most of its 'reciprocal' levies for 90 days, although Trump has singled out China by raising its tariff rate to 125%.

Trump’s sweeping “reciprocal” tariffs are generating huge uncertainty, which may prompt many companies around the globe to delay investments and major decisions as they await greater clarity. Even with the newly announced 90-day suspension of tariffs, large companies will be moving cautiously over the coming weeks and months.

European stocks were also rocketing higher following a rebound for US and Asian markets.

Ireland’s deputy premier met with US commerce secretary Howard Lutnick in Washington DC on Wednesday.

The European Commission will examine Donald Trump's decision to temporarily pause his sweeping tariffs before taking further steps.

European markets soared after Trump paused tariffs for nations that didn’t retaliate. Investors welcomed the easing trade stance, with major indices across the continent posting their strongest performance in years.