The Port of Los Angeles, California, USA (Photo: Xinhua/VNA)

Ursula von der Leyen announced the concession after Trump pulled a U-turn on Wednesday on the punishing “reciprocal” tariffs he announced just over a week ago. She said the EU wants to give negotiations a chance.

On Wednesday, EU members voted almost unanimously to impose 25% tariffs on 24 billion dollars’ worth of US agricultural and industrial products in retaliation for the steel and aluminum tariffs that Trump announced in February.