EU delays retaliatory tariffs against US amid hopes for trade deal

Ursula von der Leyen says bloc hopes to spot negotiated solution to commercialized tensions.

The European Union has delayed retaliatory tariffs connected exports from the United States arsenic officials scramble to scope a commercialized woody with Washington up of US President Donald Trump’s August 1 deadline.

Ursula von der Leyen, the president of the European Commission, said connected Sunday that the bloc would widen its suspension of countermeasures arsenic it continued negotiations with the Trump administration.

“At the aforesaid time, we volition proceed to hole for the countermeasures, truthful we’re afloat prepared,” von der Leyen said during a quality league successful Brussels.

“We person ever been precise wide that we similar a negotiated solution,” she added.

“This remains the case, and we volition usage the clip that we person present until the 1st of August.”

The EU’s announcement comes aft Trump connected Saturday unveiled plans to slap a 30 percent tariff connected European and Mexican exports from August 1.

The EU successful March announced retaliatory tariffs connected 26 cardinal euros ($30bn) of US exports successful effect to Trump’s duties connected alloy and aluminium.

The bloc paused the measures for 90 days the pursuing period aft Trump announced helium would hold the implementation of his alleged “reciprocal tariffs”.

The EU’s intermission had been owed to expire astatine midnight connected Monday.

EU commercialized ministers are scheduled to convene successful Brussels connected Monday to sermon options for responding to Trump’s latest tariff threats.

On Sunday, White House Economic Adviser Kevin Hassett said that Trump was not blessed with the “sketches of deals” presented by US commercialized partners truthful acold and that their offers would “need to beryllium better”.

“These tariffs are existent if the president doesn’t get a woody that helium thinks is bully enough, but, you know, conversations are ongoing, and we’ll spot wherever the particulate settles,” Hassett told ABC News’s This Week.

Taken together, EU subordinate countries are the US’s largest trading partner.

US-EU commercialized successful goods and services amounted to 1.7 trillion euros ($2 trillion) successful 2024, according to EU statistic bureau Eurostat.