US EditionThe 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 delays retaliatory tariffs to continue negotiations amid U.S. threats of 30% levies, with $2 trillion in bilateral trade at stake, officials said.
- The European Union delayed implementing retaliatory tariffs on U.S. goods until August 1, 2025, to allow more negotiation time.
- This postponement follows U.S. President Donald Trump's letter threatening 30% tariffs on European imports starting August 1, citing the trade deficit as a national security threat.
- EU President Ursula von der Leyen stated the bloc developed a second list of countermeasures while seeking to diversify trade, including a key deal with Indonesia.
- In 2024, the exchange of goods and services between the European Union and the United States reached around 1.7 trillion euros , with major European exports including pharmaceuticals, automobiles, and wine.
- The EU will continue preparing further countermeasures if no deal occurs and emphasized preferring a negotiated solution before the August 1 deadline.
246 Articles
246 Articles
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