India, April 10 -- The European Union on Thursday said it is putting on hold the countermeasures against US President Donald Trump's sweeping tariff it announced on Wednesday, for 90 days.

The announcement was made by European Commission President Ursula von der Leyen, on Thursday. This comes after Trump halted the tariffs he imposed for a similar period.

"We took note of the announcement by President Trump. We want to give negotiations a chance. While finalising the adoption of the EU countermeasures that saw strong support from our member states, we will put them on hold for 90 days," von Der Leyen said in a statement on the social media platform X.

The EU had put tariffs on US goods worth €21 billion that are imported into the...