U.S President Donald Trump's dramatic decision to pause hefty tariffs on dozens of countries was an important step towards stabilising the global economy, European Commission President Ursula von der Leyen said on Thursday.

Turning to the potential knock-on effect of a global trade war, von der Leyen said the EU “will not tolerate” Chinese goods hit by US tariffs being redirected to Europe, adding that Brussels would “take safeguards” if a new monitoring mechanism detected an increase in Chinese imports.

Europe’s biggest pharmaceutical companies confronted European Commission President Ursula von der Leyen yesterday as Donald Trump promised the imminent arrival of tariffs on U.S. drug imports. Trump told guests at the National Republican Congressional Committee on Tuesday that the White House would announce a “major tariff” on pharmaceutical imports “very shortly,

After President Donald Trump's 90-day pause on most of his tariffs, the European Union announced they would also put a 90-day pause on its 25% reciprocal tariffs on the U.S. announced Wednesday morning that were set to start next week.

The European Union will suspend its first wave of retaliatory duties against the U.S. for 90 days to focus on negotiations, after the Trump administration paused some global tariffs, a top EU official said.

The European Union will put on hold for 90 days its first countermeasures against U.S. President Donald Trump's tariffs, European Commission President Ursula von der Leyen said in a statement on X. "We took note of the announcement by President Trump.

European markets have rallied, but Donald Trump's universal 10% levy for all countries, except China, remains in place.

The European Union's executive commission said Thursday it will put its retaliation measures against new U.S. tariffs on hold for 90 days to match President Donald Trump's pause on his sweeping new tariffs and leave room for a negotiated solution.

Trump said all countries that had not yet issued retaliatory tariffs — including the EU — would benefit from the standstill for at least 90 days. European Commission president Ursula von der Leyen said on Thursday that the EU wanted “to give negotiations a chance”.