Ursula von der Leyen, the president of the European Commission, has announced another postponement in the EU’s retaliatory tariffs on US goods. US President Donald Trump’s initial steel and aluminium import restrictions prompted the countermeasures, which were scheduled to begin on Tuesday.
In March, the EU initially halted its retaliation, which would have affected €21 billion worth of US exports. Von der Leyen said at a news conference on Sunday that this hiatus would now last until early August. To decide how to react, EU trade ministers are scheduled to gather in Brussels on Monday.
It follows Trump’s announcement in a letter to von der Leyen that he would begin imposing 30% tariffs on EU goods on August 1. He threatened to raise tariffs over 30% in retaliation if the trading partner imposed import taxes of their own against the US.
Trump said that certain nations were now displeased in a pre-recorded interview with Fox News that aired on Saturday night, but he maintained that the tariffs meant “hundreds of billions of dollars” were “pouring in.
Von von Leyen told reporters on Sunday: “We will also prolong the suspension of our countermeasures until early August since the United States issued us a letter with measures that will take effect unless there is a negotiated settlement.
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