EU postpones tariffs on US goods

Brussels [Belgium], July 13 (ANI/WAM): The European Union has postponed the imposition of tariffs on goods imported from the United States until early August, despite Washington 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 announcement followed US President Donald Trump 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 position over the weekend.
It remains unclear whether the ministers will endorse von der Leyen decision to suspend the countermeasures to allow negotiations to continue until the August 1 deadline. (ANI/WAM)

Disclaimer: This news article is a direct feed from ANI and has not been edited by the News Nation team. The news agency is solely responsible for its content.