The EU on Tuesday said it would suspend its retaliatory tariffs on the US even as the specifics of a trade deal reached last month, including lower tariffs on European cars, have yet to be signed off by Donald Trump.
The US president last week signed an executive order that will implement as of Friday a 15 per cent tariff rate on most EU products, which European Commission President Ursula von der Leyen agreed to when the two leaders met in Scotland at the end of July.
The bloc had readied higher levies on €93bn worth of US exports, which were due to enter into force as of Thursday had trade talks failed.
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