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
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