US Edition
The EU is delaying retaliatory tariffs on U.S. goods, in hopes of reaching a deal by Aug. 1
BRUSSELS, BELGIUM, JUL 13 – The European Union maintains tariff suspension on U.S. goods to avoid escalation while preparing countermeasures affecting €93 billion in U.S. imports, EU Commission President Ursula von der Leyen said.
- The European Union postponed the planned tariffs targeting U.S. imports that were set to begin on August 1 in order to extend the window for ongoing trade discussions.
- This delay follows a letter from U.S. President Donald Trump threatening 30% tariffs on EU imports, citing the U.S. trade deficit as a national security risk.
- The EU is prioritizing negotiation to resolve trade tensions with the U.S., has prepared an additional set of countermeasures, and emphasizes the need to broaden its trade partnerships.
- In 2025, the total value of commercial exchanges in goods and services between the EU and the United States reached approximately €1.7 trillion , establishing the EU as the largest trading partner for the U.S.
- The EU will extend the suspension of countermeasures until early August but will continue preparing further measures if no deal is reached by then.
393 Articles
393 Articles
Europe takes place until August 1st to impose tariffs on the US, following the White House's announcement that that day will introduce 30% increases on Community products. There is support for the EC's prudence, but also for those who ask for more.
The Local - AT
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