US-EU tariff tensions: EU extends suspension of countermeasures to August

European Commission President Ursula von der Leyen said connected Sunday that the EU volition proceed holding disconnected connected retaliating against US alloy and aluminium tariffs, arsenic negotiations stay underway to debar wider 30% duties."The United States has sent america a missive with measures that would travel into effect unless determination is simply a negotiated solution, truthful we volition truthful besides widen the suspension of our countermeasures until aboriginal August," von der Leyen said.The EU’s existent intermission connected its retaliatory tariffs was owed to expire betwixt Monday nighttime and Tuesday morning.Meanwhile, Germany’s concern curate Lars Klingbeil stressed the bloc indispensable beryllium acceptable to enactment firmly if talks with Washington collapse.

Speaking to Sueddeutsche Zeitung, Klingbeil said "serious and solution-oriented negotiations" were inactive needed, but if they fail, the EU indispensable instrumentality "decisive counter-measures to support jobs and businesses successful Europe".His comments travel US President Donald Trump’s Saturday announcement that the EU and Mexico would look 30% tariffs from August 1. He cited the US commercialized shortage with the EU arsenic justification.Klingbeil warned the determination would make "only losers" and would "threaten the American system astatine slightest arsenic overmuch arsenic businesses successful Europe".

He insisted Europe was approaching talks successful bully faith. "Europe remains determined and united: we privation a just deal," helium said. "Our manus remains outstretched but we won't judge conscionable anything." He added that contingency measures successful lawsuit of a breakdown successful talks "must proceed to beryllium prepared".Earlier connected Saturday, Donald Trump sent letters to EU and Mexico threatening them of imposing a 30% tariff citing commercialized shortage and fentanyl crisis, respectively. However, helium besides assured that determination would beryllium “no tariff” if the EU, Mexico, oregon their companies take to manufacture successful the US, adding that the state would assistance fast-track approvals successful specified cases.