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EU announces delay to its trade countermeasures against United States until early August
The European Union will delay the implementation of its trade countermeasures against the United States from Monday until early August to allow more time to negotiate a deal. At a news conference on Sunday, Ursula von der Leyen, president of the European Commission, referenced the letter the United States sent to the bloc Saturday, which threatened to impose a 30% tariff on European goods exports on August 1 absent a trade agreement. “We will therefore also extend the suspension of our countermeasures till early August,” she said at the briefing in Brussels. “At the same time, we will continue to prepare ... (full story)
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