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EU Extends Tariff Suspension Amid Ongoing U.S. Negotiations

7/13/2025

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Summary

Story summary

The EU will extend the suspension of countermeasures against U.S. steel and aluminum tariffs until early August.
This extension aims to support ongoing negotiations and prevent a 30% tax on EU goods.
The EU has countermeasures valued at €21 billion ready in response to U.S. tariffs.
German Finance Minister Lars Klingbeil stressed the importance of decisive action if talks do not succeed.

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Story summary

The EU will extend the suspension of countermeasures against U.S. steel and aluminum tariffs until early August.
This extension aims to support ongoing negotiations and prevent a 30% tax on EU goods.
The EU has countermeasures valued at €21 billion ready in response to U.S. tariffs.
German Finance Minister Lars Klingbeil stressed the importance of decisive action if talks do not succeed.