Mon Jul 14 01:35:52 UTC 2025: **News Article:**
**EU Suspends Retaliatory Tariffs, Seeks Trade Deal with U.S.**
**Brussels, July 14, 2025:** The European Union has announced a temporary suspension of retaliatory tariffs on U.S. goods, initially slated to take effect today, in a bid to foster trade negotiations with the Trump administration. The decision comes after President Donald Trump communicated plans to impose a 30% tariff on goods from the EU and Mexico starting August 1st.
European Commission President Ursula von der Leyen stated that the delay in countermeasures, now set for August 1st, provides a window for negotiation. She emphasized the EU’s preference for a “negotiated solution.” The EU, America’s largest trading partner, seeks a deal before reinstating countermeasures.
Italian Foreign Minister Antonio Tajani is in Washington for discussions with the U.S. administration and Congress, advocating for unified EU negotiation strategies. The Meloni government in Italy aims to serve as a mediator between Brussels and Washington.
President Trump defends his tariffs as crucial for revitalizing the U.S. economy, citing the trade deficit as a national security threat. However, White House Economic Council member Kevin Hassett revealed that President Trump seeks further improvements to existing draft trade agreements.
The ongoing trade disputes have generated uncertainty for businesses worldwide. The EU-U.S. trade relationship, valued at €1.7 trillion in 2024, faces potential disruption.
EU Trade Ministers are meeting today to discuss trade relations with both the U.S. and China. Ms. von der Leyen highlighted the importance of diversifying trade relationships, announcing closer cooperation with Indonesia and emphasizing the need for predictable trading partnerships built on trust.
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