Trump threatens EU, Mexico
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The EU – the United States' biggest trading partner – had been scheduled to impose "countermeasures" starting Monday at midnight in Brussels
July 13 (Reuters) - German Finance Minister Lars Klingbeil said on Sunday the European Union must take "decisive" measures against the United States if tariff negotiations fail to cool an escalating global trade war. Get a look at the day ahead in European and global markets with the Morning Bid Europe newsletter. Sign up here.
Ursula von der Leyen says the EU will halt tariff countermeasures against the U.S. till early August:: July 13, 2025:: Brussels, Belgium:: Ursula von der Leyen, President, European Commission"The United States have sent us a letter with measures that would come into effect unless there is a negotiated solution.
The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday.
The EU paused planned countermeasures against the US after Trump delayed a tariff hike. But a new 30% rate has the bloc considering retaliation.
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The European Commission responded to Trump's announcement in a written statement, saying it remains ready to reach an agreement, while also taking "necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures.
European Commission President Ursula von der Leyen comments on President Donald Trump’s new tariffs of 30% on goods from the EU and Mexico starting Aug. 1.