European Commission chief Ursula von der Leyen said the European Union will extend the suspension of trade countermeasures against the US until 

Aug. 1 to allow for further negotiations, after Donald Trump threatened a new 30% tariff rate against the bloc.

European Commission chief Ursula von der Leyen said the European Union will extend the suspension of trade countermeasures against the 

US until Aug. 1 to allow for further negotiations, after Donald Trump threatened a new 30% tariff rate against the bloc.

These countermeasures, which the bloc had adopted in response to tariffs imposed by Trump on steel and aluminum, had been paused to allow for talks and are due to snap back automatically at midnight on Tuesday.

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“At the same time, we will continue to prepare further countermeasures so we are fully prepared,” von der Leyen told reporters in Brussels on Sunday, while reiterating the EU’s preference for a “negotiated solution.”

Source: Livemint