With higher U.S. tariffs postponed by 90 days, European Union finance ministers pledged unity on Friday in negotiating a trade deal with Washington during that window, noting the U.S.' levies were more hurtful for its own economy than for Europe's.

The eurozone will stand together in support of retaliation against the U.S. if talks to resolve the trade conflict are unsuccessful, Ireland’s finance minister said Friday.

President Donald Trump’s suspension of most tariffs on European products and the European Union’s postponement of threatened retaliation has bought a three-month truce in a potential trans-Atlantic trade war.