The European Union has suspended retaliatory tariffs on US goods worth €93 billion, after reaching a last-minute deal with Washington.

The EU suspended €93 billion in planned tariffs on US goods Tuesday after striking a last-minute deal with Washington, averting a trade clash. Brussels warned the measures could still be reactivated if talks with the US break down.

The EU announced the suspension on Tuesday of its retaliatory tariffs on US goods worth $107 billion after Brussels struck a deal with Washington last month. | TAG24