๐ผ EU Extends Suspension of Tariff Countermeasures Against the U.S. Until August
European Commission President Ursula von der Leyen announced an extension of the suspension period for tariff countermeasures that were planned in response to U.S. duties, now lasting until early August.
Von der Leyen reaffirmed that the European Commission prefers to continue dialogue with the United States as a means to resolve trade disputes, emphasizing that the EUโs position remains unchanged in favor of negotiated solutions.
She added that the countermeasures were prepared for exceptional circumstances, but so far, conditions have not required their activation.
The announcement comes amid a period of watchful trade relations between both sides, with ongoing discussions and no recent escalatory steps.
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๐ฐ Source: Binance โ July 12, 2025
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