New Delhi, April 10 -- European Union on Thursday put tariff retaliation against the US on hold for 90 days to match President Donald Trump's pause, but warned that if negotiations are not satisfactory, the countermeasures will kick in.

Trump imposed a 20% levy on goods from the EU. In retaliation, the European Union (EU) said it will target more than 20 billion euros of US goods, including soybeans, motorcycles, and beauty products.

However, with Trump backing down on tariffs with a 90 day pause for most countries, European Commission President Ursula von der Leyen announced a decision puts tariff retaliation on hold for the same period.

"We took note of the announcement by President Trump. We want to give negotiations a chance. While...