The European Union has paused its countermeasures on unjustified US trade tariffs to allow time and space for EU-US negotiations.&nbsp;

The decision – which puts on hold for up to 90 days the EU's&nbsp;planned countermeasures&nbsp;against US tariffs on EU steel and aluminium imports - was made in response to the US delaying by 90 days its so-called reciprocal tariffs.&nbsp; In total, the suspended EU countermeasures cover €21 billion of US exports.&nbsp;

As part of the EU's push to find a negotiated outcome with the US, EU Trade Commissioner&nbsp;Maroš&nbsp;Šefčovič was&nbsp;in Washington DC to hold meetings with his US counterparts in order to explore the ground for a negotiated solution.&nbsp;&nbsp; According to the Commission, the EU has a €154 billion trade surplus in goods with the US, while the US maintains a €104 billion surplus in services with the EU, resulting in an overall EU trade surplus of three percent from a total €1.5 trillion trade flow. In 2023, the US was the largest partner for EU exports of goods and the second largest partner for EU imports of goods.

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