Brussels will postpone the countermeasures against American rates until the beginning of August, the European Commission President Ursula von der Leyen has announced. She emphasized that the EU wants to negotiate a trade solution with its transatlantic partner.
On Saturday, US President Donald Trump unveiled plans to set up another 30% rates on goods from the EU and Mexico, as part of his broader efforts to tackle trade with important partners. The planned to come into effect on 1 August would be applied on top of the existing sector-specific tasks, such as the blanket 25% on steel, aluminum and car imports that was introduced earlier this year.
On Sunday, Van de Leyen confirmed Those conversations are underway with the White House after the Washington rate announcement.
“We will therefore extend the suspension of our countermeasures until the beginning of August. At the same time, we will continue to prepare for further countermeasures to ensure that we are always ready,” “ she said.
The first package of EU against against around $ 25 billion in American steel and aluminum input was suspended 90 days in April to facilitate commercial discussions. This suspension would expire on Monday.
Von der Leyen has warned that the newly announced American rates will disrupt vital transatlantic supply chains, companies and consumers on both sides of the Atlantic.
The EU is one of the largest trading partners in the US. However, years of substantial import from the block, in particular of machines, cars, pharmaceutical products and luxury goods, have contributed to an important trade gap. In 2024, the US trade deficit with the EU reached more than $ 235 billion.
Trump has accused the EU of unfair commercial practices and has attributed the trade Onbalans to the complex regulatory framework of the block. He claimed that the EU is maintaining “Commercial barriers, VAT taxes, excessive business fines, non-monetary trade restrictions, currency manipulation and unjustified lawsuits against American companies.”
Trump campaigned on an ‘America First’ agenda and reducing the US trade shortage. Since his appointment, he has imposed rates on China, the EU, Canada, Mexico and dozens of other trading partners, who tax relationships with important American allies.
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