EU delays retaliatory trade tariffs on us

European Commission President Ursula Von der Leyen announced that EU’s retaliatory tariffs on U.S. exports have been delayed again.

The countermeasure will begin Tuesday in response to the initial import taxes of steel and aluminum by U.S. President Donald Trump.

The EU’s retaliation will be suspended for the first time in March, with the retaliation reaching 2.1 billion euros of U.S. goods. Von der Leyen said in a press conference on Sunday that the break had been extended until early August.

EU trade ministers are expected to meet in Brussels on Monday to discuss how to respond.

After Trump wrote to Von der Leyen, he announced his plan to impose a 30% tariff on EU imports from August 1.

He warned that if trading partners use their responsibilities for U.S. imports, He will fight back by raising tariffs to more than 30%.

Trump said in a pre-recorded interview with Fox News that aired Saturday night that some countries were “very frustrated now”, but he insisted that tariffs meant “hundreds of billions of dollars” were “dumping.”

“Unless there is a negotiated solution, the United States has sent us a letter that will take effect, so we will also extend the suspension of countermeasures to early August,” Von der Leyen told reporters on Sunday.

“At the same time, we will continue to prepare for countermeasures so that we can be fully prepared for us.”

The European Commission president insists that the EU “always know that we prefer negotiating solutions”.

“This is still the case, and we will use the time to August 1,” she added.

EU trade ministers will meet in Brussels on Monday to discuss the frontline with Washington.

German Finance Minister Lars Klingbeil said on Sunday that it is still necessary to engage in “serious and solution negotiations” with the United States, but added that if they fail, the EU will need “a decisive confrontation to protect jobs and businesses in Europe”.

“Our hands are still sticking out, but we don’t accept anything,” Clinbel told the Daily Sudeschi Zeitung.

His comments were posted in French President Emmanuel Macron on Saturday urging the European Commission, which negotiates on behalf of all EU countries, to “resolutely defend European interests.”

As of Saturday, the Trump administration has now proposed tariff conditions for 24 countries and the EU, which consists of 27 countries.

On April 12, White House trade adviser Peter Navarro set a goal to get “90 deals” in 90 days.

So far, the president has announced an overview of two such agreements with the UK and Vietnam as negotiations with others continue.