The EU will delay its plan to hit the US with tariffs on €21bn of its annual exports to Europe on Tuesday in the hope of coming to an agreement after Donald Trump announced that he would hit the bloc with 30 per cent tariffs from August 1.
European Commission president Ursula von der Leyen said on Sunday that the application of tariffs to €21bn of annual US exports to the EU, including chicken, motorcycles and clothes, that were due to come into effect on July 15 would be suspended until “early August”.
“We have always been clear that we prefer a negotiated solution with the US. This remains the case,” she said.
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