Brussels (AP) – The European Union will suspend the anti -repayment tariff on the American goods on the American goods to be effective on Monday in the hope of reaching a business deal with the Trump administration by the end of the month.
“It’s now time for conversation,“ European Commission Chairman Ursula von Der Leyen told reporters at Brussels on Sunday after the President Donald Trump A letter sent a new announcement 30% tariff The European Union and the goods from Mexico start from 1 August.
EU – America’s largest trading partner and the world’s largest trading block – Midnight Brussels Time (6 am EDT) was scheduled to implement the “Countersor” which starts on Monday. The European Union talks on trade deals on behalf of its 27 member countries.
Von Der Leyen said that those counselors would be delayed by 1 August, and Trump’s letter has been shown that we have to interact before August. European leaders have urged Trump and Von Der Leyen to give more time to talk.
“We have always been clear that we like a solution to a conversation,” he said. If they cannot reach a deal, he said that “We will continue to prepare counterers so that we are fully prepared.” ,
Standing with the Indonesian President Prabovo Judeto, Von Der Leyen said the trade stress with the US “reflects the importance of diversifying our business relations. ,
Trump has said that his global tariffs will determine the foundation of reviving an American economy that they claim that other countries have closed it for decades. Trump said in his letter to the European Union that the US trade deficit was a national security threat.
American business partners have suffered months of uncertainty and on-off threats from Trump to impose tariffs, sometimes extending or replaced by deadline. Tariffs can affect almost every aspect of the global economy.
According to Eurostat, the European Union Statistics Agency, the European Union-US trade in goods and services was 1.7 trillion euros ($ 2 trillion) or an average of 4.6 billion euros per day in 2024. Europe’s biggest export in the US was pharmaceuticals, cars, aircraft, chemicals, medical equipment and alcohol and souls.
Business ministers of European Union countries have to meet on Monday to discuss trade relations with the US as well as China.
The Associated Press