European Commission President Ursula von der Leyen expressed appreciation for President Donald Trump's temporary suspension of most U.S. tariffs, but has not confirmed whether the European Union will proceed with its planned retaliatory actions.

Trump announced a 90-day pause on tariffs, reducing them to 10% for countries included in the pause. China was excluded from this decision, with Trump raising tariffs on Chinese imports to 125%.

Von der Leyen emphasized that halting reciprocal tariffs is a crucial move to stabilize the global economy, highlighting the importance of clear and predictable trade conditions.

Prior to Trump's announcement, EU member states voted to impose retaliatory tariffs on $23 billion worth of goods in response to the U.S.'s steel and aluminum tariffs, which were deemed unjustified and harmful by the EU.

While maintaining a preference for negotiated solutions to trade disputes, the EU expressed its commitment to maintaining frictionless and mutually beneficial trade relationships. Von der Leyen underlined the EU's intent to diversify its trade partnerships and continue engaging with countries that support free and open trade practices.