"This is now the time for negotiations," European Commission President Ursula von der Leyen told reporters in Brussels on Sunday.

The EU will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.

European leaders have been split on whether the bloc should press for a quick framework trade deal similar to the UK’s or keep negotiating in the hope of achieving a better outcome.