European Commission President Ursula von der Leyen said on July 13 that the European Union will extend a suspension on its countermeasures to U.S. tariffs until next month while trade negotiations continue with the Trump administration.
On Saturday, U.S. President Donald Trump said he will impose a 30 percent tariff on all imports from the EU absent a trade deal with his administration.
The tariffs would be separate from any sector-specific levies. He accused the EU of imposing various tariffs and non-tariff trade barriers on the United States and said he would increase the tariff level if Europe retaliates.
Trump had initially given U.S. trading partners until July 9 to negotiate trade deals with his administration or face the tariffs he announced in early April. Last week, Trump said he would begin sending letters to countries informing them of their tariff levels if they did not negotiate deals with his team….