EU agrees partial truce with U.S. over Trump tariffs FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman reuters_tickers This content was published on May 17, 2021 - 13:00 May 17, 2021 - 13:00 By Philip Blenkinsop BRUSSELS (Reuters) - The European Union has agreed to a partial truce with the United States in a dispute over metal tariffs imposed by former president Donald Trump and to start discussions on global overcapacity and China's "trade-distorting" policies. The European Commission, which oversees EU trade policy, said on Monday it would suspend a planned hike of retaliatory tariffs for up to six months. These would have added U.S. products from lipstick to sports shoes and doubled to 50% duties on U.S. bourbon whiskey, motorbikes and motor boats on June 1.