European Commission President Ursula von der Leyen said as the United States is “applying tariffs worth 28 billion dollars, we are responding with countermeasures worth 26 billion euros,” or about $28 billion.

President Trump on Thursday said he will pause 25% tariffs on U.S. imports from Mexico that are covered under a 2020 trade agreement, delaying levies imposed on the nation earlier this week. Mr. Trump announced the delay in a social media post after a call with Mexican President Claudia Sheinbaum.