The European Union has announced a 90-day pause on countermeasures against the United States, a day after President Donald Trump unveiled a similar pause on his “reciprocal” tariffs.

The European Commission has proposed retaliatory tariffs on up to 95 billion ($107.2 billion) worth of U.S. imports if talks fail to resolve ongoing trade tensions stemming from U.S. President Donald Trumps

Aerospace companies are preparing for the next chapter in a new trade war as the European Union draws up expected counter-measures against Boeing jets in retaliation for 10% U.S. tariffs on European goods such as Airbus planes,