The European Central Bank (ECB) has cut its key interest rate for the eighth time in just over a year as it warned about continuing pressure on the eurozone from Donald Trump's tariffs.The main rate has been reduced from 2.

Officials from the European Union and the United States will start a new negotiating push, after President Trump delayed until July 9 tariffs of 50 percent.

President Trump said the U.S. will delay a threatened 50% tariff on goods from the European Union from June 1 until July 9.