{"id":38065,"date":"2025-07-13T16:58:11","date_gmt":"2025-07-13T16:58:11","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/european-union-to-delay-retaliatory-tariffs-on-u-s-goods-in-hopes-of-reaching-deal\/"},"modified":"2025-07-13T16:58:11","modified_gmt":"2025-07-13T16:58:11","slug":"european-union-to-delay-retaliatory-tariffs-on-u-s-goods-in-hopes-of-reaching-deal","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/european-union-to-delay-retaliatory-tariffs-on-u-s-goods-in-hopes-of-reaching-deal\/","title":{"rendered":"European Union to delay retaliatory tariffs on U.S. goods in hopes of reaching deal"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>The <a href=\"https:\/\/www.cbsnews.com\/tag\/european-union\/\" target=\"_blank\" rel=\"nofollow\" data-invalid-url-rewritten-http=\"\">European Union<\/a> will suspend retaliatory tariffs on goods from the United States that were scheduled to take effect on Monday. The EU hopes it can reach a trade deal with the Trump administration by the end of the month.<\/p>\n<p>&#8220;This is now the time for negotiations,&#8221; European Commission President Ursula von der Leyen told reporters in Brussels on Sunday.<\/p>\n<p>A day earlier, President Trump sent a <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-announcement-tariffs-mexico-european-union\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">letter to the EU announcing new 30% tariffs on goods starting Aug. 1.<\/a><\/span> In the letter, Mr. Trump said the relationship between the bloc and the U.S. has been &#8220;far from Reciprocal,&#8221; and that the U.S. trade deficit was a national security threat.<\/p>\n<p>&#8220;We have had years to discuss our Trading Relationship with The European Union, and have concluded that we must move away from these long-term, large, and persistent Trade Deficits, engendered by your Tariff, and Non-Tariff, Policies and Trade Barriers,&#8221; he wrote.<\/p>\n<p>Mr. Trump sent a similar letter to Mexico.<\/p>\n<p>The EU \u2013 the United States&#8217; biggest trading partner and the world&#8217;s largest trading bloc \u2013 had been scheduled to impose &#8220;countermeasures&#8221; starting Monday at midnight Brussels time (6 p.m. EST). The EU negotiates trade deals on behalf of its 27 member countries.<\/p>\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-large\">\n<p>      <span class=\"img embed__content\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/13\/cabfa722-8458-45d8-aa3d-0418994a9062\/thumbnail\/620x414\/d0b23e6c2cc06f205acfec2af4b8c491\/gettyimages-2224271707.jpg#\" alt=\"President Of Indonesia Visits The EU \" height=\"414\" width=\"620\" class=\" lazyload\" srcset=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/13\/cabfa722-8458-45d8-aa3d-0418994a9062\/thumbnail\/620x414\/d0b23e6c2cc06f205acfec2af4b8c491\/gettyimages-2224271707.jpg 1x, https:\/\/assets1.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/13\/cabfa722-8458-45d8-aa3d-0418994a9062\/thumbnail\/1240x828\/8b0cbd032b91fa12a8014df451231dc3\/gettyimages-2224271707.jpg 2x\" loading=\"lazy\"\/><\/span><figcaption class=\"embed__caption-container\">\n<p>                  <span class=\"embed__caption\">President of the European Commission Ursula von der Leyen talking to the media at the end of a bilateral meeting in the Berlaymont, the EU Commission headquarters.<\/span><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>                Thierry Monasse \/ Getty Images<\/p>\n<p>                          <\/span><br \/>\n              <\/figcaption><\/figure>\n<p>Von der Leyen said those countermeasures would be delayed until Aug. 1, and that Mr. Trump&#8217;s letter shows \u2033that we have until the first of August\u2033 to negotiate. European leaders have urged Mr. Trump and von der Leyen to give negotiations more time.<\/p>\n<p>\u2033We have always been clear that we prefer a negotiated solution,\u2033 she said. If they can&#8217;t reach a deal, she said that \u2033we will continue to prepare countermeasures so we are fully prepared.\u2033<\/p>\n<p>Mr. Trump has said his global tariffs would set the foundation for reviving a U.S. economy that he claims has been ripped off by other nations for decades. He was on an announcement blitz of\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/us-trade-deal-pressure-aug-1-roll-out-warning\/\" data-invalid-url-rewritten-http=\"\">new tariffs with allies and foes alike<\/a><\/span>\u00a0last week.<\/p>\n<p>U.S. trade partners have faced months of uncertainty and on-and-off threats from the U.S. president to impose tariffs, with deadlines sometimes extended or changed. The tariffs could have ramifications for nearly every aspect of the global economy.<\/p>\n<p>The value of EU-U.S. trade in goods and services amounted to 1.7 trillion euros ($2 trillion) in 2024, or an average of 4.6 billion euros a day, according to the EU statistics agency Eurostat. Europe&#8217;s biggest exports to the U.S. were pharmaceuticals, cars, aircraft, chemicals, medical instruments and wine and spirits.<\/p>\n<p>Trade ministers from EU countries are scheduled to meet on Monday to discuss trade relations with the U.S., as well as with China.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n        <\/aside>\n<p>    <!-- tags --><\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/european-union-delay-retaliatory-tariffs-us-goods-reaching-deal\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Union will suspend retaliatory tariffs on goods from the United States that were scheduled to take effect on<\/p>\n","protected":false},"author":1,"featured_media":38066,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[569,799],"class_list":["post-38065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-european-union","tag-tariffs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European Union to delay retaliatory tariffs on U.S. goods in hopes of reaching deal - World News<\/title>\n<meta name=\"description\" content=\"The EU &ndash; the United 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