European Commission President Ursula von der Leyen said on Sunday that the eu will continue holding off on retaliating against us steel and aluminium tarifs, as nega wider to avoid widers 30% duties.“The united states have sent us a letter with measures that would come into effect unless there is a negotiated solution, so we will therefore also extend the suspension of our counters. August, “Von der Leyen said.The eu’s current pause on its retaliatory tarifs was due to expire betterMeanwhile, Germany’s Finance Minister Lars Klingbeil Stressed The Block Must Be Ready to Act Firmly If Talks With Washington Collapse. Speaking to sueddeutsche zeitung, klingbeil said “Serious and Solution-Oriented Negotias” Were Still Needed, but if they fail, the eu must take “decisive counters to print jobs and busines in in Europe “.His comments Follow Us President Donald Trump’s Saturday Announcement that the EU and Mexico would face 30% tarifs from augustKlingbeil warned the move would create “only losers” and would “Threten the American Economy at Least as much as bus as businesses in Europe”.He insisted europe was approaching talks in good faith. “Europe Remains Determined and United: We Want A Fair Deal,” He Said. “Our hand remains outstretched but we’t accept just anything.” He added that contraindency measures in case of a breakdown in talks “Must Continue to be prepared”.Earlier on Saturday, Donald Trump Sent letters to eu and mexico threatening them of imposing a 30% tariff citing trade deficit and fentanyl crisis, respectively. However, he also assured that there would be “No tariff” if the eu, mexico, or their companies choose to manuftact in the US, adding that the Country would help fast-tract app.
