The European Union has suspended the trade counter-measures it had prepared against the United States after reaching a deal with President Donald Trump that lowers U.S. import duties on most European products to 15% from 30%. European Commission spokesman Olof Gill said the legal steps to freeze the tariffs list, covering roughly €93 billion of U.S. goods, were completed on 5 August but could be reactivated if talks collapse. Trump told CNBC the agreement also involves up to $600 billion in European investment that he can direct "any way I want," adding that failure to deliver could see EU goods face duties of 35%. Brussels has not published details of such a fund, describing the figure as private-sector intentions rather than a binding commitment. The White House says the accord is aimed at easing trans-Atlantic tensions that intensified after Washington imposed steep duties earlier this year. EU officials portray the 15% rate as a compromise that averts heavier blows to sectors such as autos while leaving open the option of restoring retaliation if relations deteriorate.