The European Union has delayed retaliatory tariffs on exports from the United States as officials scramble to reach a trade deal with Washington ahead of US President Donald Trump’s August 1 deadline.
Ursula von der Leyen, the president of the European Commission, said on Sunday that the bloc would extend its suspension of countermeasures as it continued negotiations with the Trump administration.
“At the same time, we will continue to prepare for the countermeasures, so we’re fully prepared,” von der Leyen said during a news conference in Brussels.
“We have always been very clear that we prefer a negotiated solution,” she added.
“This remains the case, and we will use the time that we have now until the 1st of August.”
The EU’s announcement comes after Trump on Saturday unveiled plans to slap a 30 percent tariff on European and Mexican exports from August 1.
The EU in March announced retaliatory tariffs on 26 billion euros ($30bn) of US exports in response to Trump’s duties on steel and aluminium.
The bloc paused the measures for 90 days the following month after Trump announced he would delay the implementation of his so-called “reciprocal tariffs”.
The EU’s pause had been due to expire at midnight on Monday.
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