France, April 10 -- As President Trump announced a 90-day suspension of tariffs on US allies - excluding China - Europe has cautiously welcomed the move, seeing it as a potential window to de-escalate a spiralling trade conflict.

The European Union has cautiously welcomed President Donald Trump's declaration of a 90-day suspension on controversial US tariffs - though the reprieve excludes China, which continues to face the full brunt of American trade measures.

After days of turmoil on world stock exchanges in the wake of sweeping tariffs announced by the US president on 3 April,Donald Trump abruptly paused his trade war on most countries this Wednesday, sparking euphoria on global markets.

The move also offers a temporary pause in esc...