BRUSSELS, Aug. 5 (Xinhua) -- The European Commission on Tuesday formally suspended planned retaliatory tariffs on U.S. imports worth 93 billion euros (about 108 billion U.S. dollars), just days before they were due to take effect.
The Commission's trade spokesperson, Olof Gill, said the decision was adopted under an emergency procedure and will require formal approval by a simple majority of member states within two weeks. The tariffs were scheduled to take effect on Aug. 7.
