The EU is delaying retaliatory tariffs on U.S. goods in hopes of reaching a deal by Aug. 1

The European Union volition suspend retaliatory tariffs connected U.S. goods scheduled to instrumentality effect Monday successful hopes of reaching a commercialized woody with the Trump medication by the extremity of the month.

″This is present the clip for negotiations,″ European Commission President Ursula von der Leyen told reporters successful Brussels connected Sunday, aft President Donald Trump sent a missive announcing caller tariffs of 30% connected goods from the EU and Mexico starting Aug. 1.

The EU — America's biggest trading spouse and the world's largest trading bloc — had been scheduled to enforce ″countermeasures″ starting Monday astatine midnight Brussels clip (6 p.m. EDT; 22:00 GMT). The EU negotiates commercialized deals connected behalf of its 27 subordinate countries.

Von der Leyen said those countermeasures would beryllium delayed until Aug. 1, and that Trump's missive shows ″that we person until the archetypal of August″ to negotiate.

″We person ever been wide that we similar a negotiated solution,″ she said. If they can't scope a deal, she said that ″we volition proceed to hole countermeasures truthful we are afloat prepared.″

Europe's biggest exports to the U.S. are pharmaceuticals, cars, aircraft, chemicals, aesculapian instruments and vino and spirits.

Italian Foreign Minister Antonio Tajani was heading to Washington for talks Monday with the U.S. medication and Congress. In a statement, Tajani's bureau said that successful his talks with EU allies earlier the meetings, helium stressed the request to "negotiate with one's caput held high."

The right-wing authorities of Premier Giorgia Meloni, the lone EU person to be Trump's inauguration, has sought to presumption itself arsenic a " bridge" betwixt Brussels and Washington.

Trump has said his planetary tariffs would acceptable the instauration for reviving a U.S. system that helium claims has been ripped disconnected by different nations for decades. Trump successful his missive to the EU said the U.S. commercialized shortage was a nationalist information threat.

Trump isn't satisfied with immoderate of the draught agreements connected trade, White House National Economic Council Director Kevin Hassett said connected ABC News Sunday.

"The bottommost enactment is that he's seen immoderate sketches of deals that had been negotiated with Howard Lutnick and the remainder of the commercialized team, and the president thinks that the deals request to beryllium better, and to fundamentally enactment a enactment successful the sand, helium sent these letters retired to folks. And we'll spot however it works out," helium said.

U.S. commercialized partners — and companies astir the satellite from French winemakers to German carmakers — person faced months of uncertainty and on-and-off threats from Trump to enforce tariffs, with deadlines sometimes extended oregon changed. The tariffs could person ramifications for astir each facet of the planetary economy.

The worth of EU-U.S. commercialized successful goods and services amounted to 1.7 trillion euros ($2 trillion) successful 2024, oregon an mean of 4.6 cardinal euros a day, according to EU statistic bureau Eurostat.

Trade ministers from EU countries are scheduled to conscionable Monday to sermon commercialized relations with the U.S., arsenic good arsenic with China.

Speaking alongside Indonesian President Prabowo Subianto, von der Leyen said the commercialized tensions with the U.S. amusement the value of ''diversifying our commercialized relationships.″ Announcing person practice betwixt the EU and Indonesia, she stressed the request for ''predictable'' trading partnerships based connected ''trust.''

The Indonesian person said, ''I deliberation the United States volition beryllium ever a precise important person successful the world,'' but besides stressed the request for multilateral relationships, adding, ''We would similar to spot a precise beardown Europe.''