The European Union has postponed retaliatory tariffs on US exports as negotiations with the Trump administration continue. President Ursula von der Leyen emphasized the bloc's preference for a negotiated solution. The EU's earlier announced measures to counter US tariffs were paused for 90 days and were set to expire soon. Meanwhile, discussions between the US and the EU seek to address concerns over proposed tariffs. White House officials indicated dissatisfaction with current negotiation offers from trade partners and hinted at potential tariffs if a satisfactory deal isn't reached.
Ursula von der Leyen stated, "We have always been very clear that we prefer a negotiated solution... and we will use the time that we have now until the 1st of August."
The European Union delayed retaliatory tariffs and extended the suspension of countermeasures while continuing negotiations with the Trump administration ahead of a deadline.
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