The European Union has announced a 90-day pause on countermeasures against the United States, a day after President Donald Trump unveiled a similar pause on his “reciprocal” tariffs.

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.

The European Union will hold off on about 21 billion euros of retaliatory duties against American exports after President Trump paused his tariff plans for 90 days. Why it matters: It's another sign of cooling temperatures in what had been a rapidly escalating trade war between the U.

Trump’s ‘reciprocal’ tariffs on the EU and dozens of other countries have come into effect today. The EU is being hit with a 20% tariff on all goods - including products like cheese and wine. CNN’s Melissa Bell explains why EU imports to the US will now make products more expensive for consumers.

European Union member states will on Wednesday vote on whether to impose tariffs on a list of U.S. goods in response to President Donald Trump 's tariffs on the bloc. Trump hit EU imports with a 20 percent tariff on April 2,

EU member states on Wednesday approved initial retaliatory tariffs of 10% to 25% on US imports, which the European Commission says will be implemented next week. This includes special levies on items such as jeans and motorcycles from the United States,