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Key Points

The EU has delayed imposing tariffs on US goods despite Trump's 30% levy announcement. Ursula von der Leyen emphasized the bloc's readiness to counter US measures. Trade ministers will meet to discuss next steps as tensions escalate. The EU's potential countermeasures could target $24.5 billion in US exports.

Key Points: EU Delays US Tariffs Until August Despite Trump's 30% Levy

  • EU extends tariff suspension to August for negotiations
  • Trump confirms 30% duties on EU imports from August 1
  • Von der Leyen warns of EU countermeasures
  • Potential €21 billion in US exports at risk
2 min read

EU postpones tariffs on US goods

EU postpones tariffs on US goods as Trump imposes 30% duties, with von der Leyen pushing for negotiations before August deadline.

"The EU will not remain passive – Ursula von der Leyen"

Brussels, July 13

The European Union has postponed the imposition of tariffs on goods imported from the United States until early August, despite Washington's decision to impose 30 per cent tariffs on products from the EU bloc.

European Commission President Ursula von der Leyen revealed that the United States had sent a letter outlining measures that will take effect unless a negotiated solution is reached. She said the EU would extend the suspension of its countermeasures until early August to allow for further negotiations.

Von der Leyen's announcement followed US President Donald Trump's statement on Saturday confirming that 30 per cent tariffs on EU imports will take effect from August 1, despite ongoing talks.

According to the German news agency, von der Leyen stressed that the EU will not remain passive and that the European Commission will continue preparing additional countermeasures in the coming weeks.

Previous information released by the European Union indicates that the planned countermeasures could affect US exports valued at EUR21 billion (USD 24.5 billion).

EU trade ministers are scheduled to meet in Brussels on Monday to discuss the next steps following the shift in Trump's position over the weekend.

It remains unclear whether the ministers will endorse von der Leyen's decision to suspend the countermeasures to allow negotiations to continue until the August 1 deadline. (ANI/WAM)

- ANI

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Reader Comments

P
Priya S
Why is EU always so soft? They should stand firm against Trump's bullying tactics. India should learn from this - we need to be more assertive in trade negotiations too.
A
Arjun K
Interesting development! Maybe this gives India an opportunity to strengthen trade ties with both blocs. Our Make in India initiative could benefit if we play our cards right.
S
Sarah B
As someone working in international trade, I think the EU is being pragmatic. Sometimes temporary compromise is better than immediate retaliation. Hope they find middle ground.
V
Vikram M
All this while common people suffer. Prices will rise everywhere. When will world leaders understand that trade wars hurt ordinary citizens the most? 😠
K
Kavya N
The 21 billion figure is massive! This shows how interconnected global economies are. India should use this time to boost domestic manufacturing and reduce import dependence.

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