EU delays retaliatory commerce tariffs towards US

[ad_1] Jennifer Meierhans Enterprise reporter

<img sizes="(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw" srcset="https://ichef.bbci.co.uk/news/240/cpsprodpb/702e/live/500c50a0-6006-11f0-bba6-055e08803492.jpg.webp 240w,https://ichef.bbci.co.uk/news/320/cpsprodpb/702e/live/500c50a0-6006-11f0-bba6-055e08803492.jpg.webp 320w,https://ichef.bbci.co.uk/news/480/cpsprodpb/702e/live/500c50a0-6006-11f0-bba6-055e08803492.jpg.webp 480w,https://ichef.bbci.co.uk/news/640/cpsprodpb/702e/live/500c50a0-6006-11f0-bba6-055e08803492.jpg.webp 640w,https://ichef.bbci.co.uk/news/800/cpsprodpb/702e/live/500c50a0-6006-11f0-bba6-055e08803492.jpg.webp 800w,https://ichef.bbci.co.uk/news/1024/cpsprodpb/702e/live/500c50a0-6006-11f0-bba6-055e08803492.jpg.webp 1024w,https://ichef.bbci.co.uk/news/1536/cpsprodpb/702e/live/500c50a0-6006-11f0-bba6-055e08803492.jpg.webp 1536w" src="https://ichef.bbci.co.uk/news/480/cpsprodpb/702e/live/500c50a0-6006-11f0-bba6-055e08803492.jpg.webp" loading="eager" alt="Getty Images European Commission President Ursula von der Leyen sitting in front of the EU flag" class="sc-d1200759-0 dvfjxj"/> Getty Photos European Fee President Ursula von der Leyen says it should use the time to barter

The EU's retaliatory tariffs on US exports have been delayed once more, European Fee President Ursula von der Leyen has introduced.

The countermeasures, which had been as a consequence of begin on Tuesday, got here in response to US President Donald Trump's preliminary import taxes on metal and aluminium.

The EU's retaliation, which might have hit € 21bn value of US items, was first suspended in March. This break has been prolonged till early August, von der Leyen advised a press convention on Sunday.

EU commerce ministers are anticipated to satisfy in Brussels on Monday to debate the right way to reply.

It comes after Trump wrote a letter to von der Leyen saying his plans to impose 30% tariffs on EU imports from 1 August.

He warned that if the commerce associate retaliated with import duties of their very own towards the US, he would hit again by elevating tariffs above 30%.

In a pre-recorded interview with Fox Information which aired on Saturday night time, Trump mentioned some nations had been "very upset now" however he insisted the tariffs meant "a whole lot of billions of {dollars}" had been "pouring in".

Von der Leyen advised journalists on Sunday: "America has despatched us a letter with measures that may come into impact until there's a negotiated answer, so we'll due to this fact additionally prolong the suspension of our countermeasures till early August.

"On the identical time, we'll proceed to organize for the countermeasures so we're totally ready."

The European Fee president insisted that the EU has "at all times been very clear that we favor a negotiated answer".

"This stays the case, and we'll use the time that we have now now until August 1," she added.

'Defend European pursuits'

EU commerce ministers are set to satisfy on Monday in Brussels to debate how sturdy a line to take with Washington.

Germany's finance minister Lars Klingbeil mentioned on Sunday that "critical and solution-oriented negotiations" with the US had been nonetheless essential, however added that in the event that they fail, the EU would want "decisive countermeasures to guard jobs and companies in Europe".

"Our hand stays outstretched however we can't settle for simply something," Klingbeil advised day by day newspaper Sueddeutsche Zeitung.

His feedback got here after French President Emmanuel Macron on Saturday urged the European Fee - which negotiates on behalf of all EU nations - to "resolutely defend European pursuits".