00:00European Commission President Ursula von der Leyen said the EU will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday until August 1st.
00:11She said the priority remains to reach an agreement with the U.S. after Trump announced new 30% tariffs.
00:17We have always been very clear that we prefer a negotiated solution.
00:22This remains the case and we will use the time that we have now until the 1st of August.
00:30And on the second track, since the very beginning, we have worked and now are ready to respond with countermeasures.
00:38We've prepared for this and we can respond with countermeasures if necessary.
00:44Other European leaders and Mexican President Claudia Schienbaum also responded to the announcement expressing criticism.
00:51French President Emmanuel Macron and European Council President Antonio Costa backed the Commission's statement in separate posts on X.
00:58Dutch Prime Minister Dick Schoof called the announcement concerning and not the way forward while Irish Taoiseach Michael Martin called it a setback.
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