France, April 10 -- The European Union will suspend its planned tariffs on $23 billion worth of US goods for 90 days, matching US President Donald Trump's pause on new trade measures and allowing time for negotiations.

European Commission President Ursula von der Leyen said Thursday the bloc was willing to give diplomacy a chance.

"We want to give negotiations a chance," she said in a statement. But she warned: "If negotiations are not satisfactory, our countermeasures will kick in."

The EU's executive arm, which manages trade policy for the bloc's 27 member states, said it had "taken note" of Trump's announcement.

The planned tariffs would have affected a wide range of politically sensitive US exports, including soybeans, meat, motor...