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Mon, Jul

EU Extends Suspension of Tariffs Against the US Until August 1

EU Extends Suspension of Tariffs Against the US Until August 1

Hellenic Shipping News

The European Union will extend its suspension of retaliatory trade measures

The European Union will extend its suspension of retaliatory trade measures against the United States until August 1, European Commission President Ursula von der Leyen announced during a press briefing following her meeting with the President of Indonesia.

The decision keeps the door open for diplomatic dialogue over the tariffs announced by US President Donald Trump, who has threatened to impose 30% duties on European goods starting August 1.

“We will extend the suspension of our countermeasures until early August. At the same time, we will continue to prepare our response,” von der Leyen said in response to a question about the EU’s reaction to the escalating trade tensions with Washington.

EU Committed to Negotiated Solutions
Von der Leyen reiterated the EU’s commitment to diplomacy, stating that negotiation remains the preferred route in addressing the ongoing transatlantic trade dispute.

“We have always been very clear that we prefer a negotiated solution. That remains the case, and we will use the time available until August 1,” she said. “We have also been preparing. We are now ready to respond with countermeasures if necessary. This dual-track approach is working, because we are well prepared.”

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