EU to Ramp up Retaliation Plans
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The two sides have yet to yield a decisive breakthrough despite an earlier round of negotiations in Washington last week.
The EU says the U.S. is resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached with U.S. by Aug. 1.
Von der Leyen's decision to resist immediate retaliatory measures points to the European Commission's desire to avoid a spiralling tit-for-tat escalation.
European Union officials warned on Monday that countermeasures are still on the table if they cannot reach a trade deal with the United States to avoid the 30 percent tariffs that President Trump announced over the weekend would take effect on Aug.
Explore the ongoing trade tensions over tariffs as the EU warns the U.S. to reach a deal or face countermeasures.
Italy's foreign minister warned that, while he hopes for successful negotiations, the EU will respond resolutely to Trump's latest tariff threat.
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.
The European Union has delayed the implementation of retaliatory trade tariffs against the U.S., until early August, with escalating trade tensions after Trump slapped a 30% tariff on EU and Mexico imports,