European Union trade ministers convened Monday to strategize responses to U.S. President Donald Trump's abrupt threat of 30% tariffs on EU goods, casting uncertainty over months of transatlantic negotiations. The bloc announced it will extend its suspension of countermeasures until early August while preparing retaliatory actions should talks collapse.
Two-Track Strategy
EU Commission President Ursula von der Leyen emphasized a dual approach: "We prefer a negotiated solution but will defend European interests." The bloc is finalizing an additional sanctions package targeting U.S. exports, to be activated if Trump implements tariffs after the August 1 deadline.
Unity Amid Diverging Interests
While Germany's Chancellor Friedrich Merz pledged "intensive engagement" to resolve the standoff, French President Emmanuel Macron urged stronger preparations for retaliation. The challenge lies in balancing nations with significant U.S. export exposure against those advocating firm resistance.
German Finance Minister Lars Klingbeil warned: "Decisive countermeasures must protect European jobs" if negotiations fail. The EU's temporary truce extension reflects both diplomatic flexibility and hardening resolve as global markets watch for escalation.
