EU Commission President Ursula von der Leyen announced that Brussels will delay retaliation against U.S. steel and aluminum tariffs as talks with Washington continue. President Trump disrupted months of negotiation, warning the EU of sweeping 30% tariffs unless a deal is reached by August 1. Von der Leyen confirmed preparations for countermeasures are ongoing, but emphasized the EU still prefers a negotiated solution. With $24 billion in U.S. goods at stake, the next few weeks are critical as the tariff standoff risks escalating into a full-blown trade clash.
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00:00Yes, indeed, the United States have sent us a letter with measures that would come into effect unless there is a negotiated solution.
00:09So we will therefore also extend the suspension of our countermeasures till early August.
00:16And at the same time, yes, indeed, the United States have sent us a letter with measures that would come into effect unless there is a negotiated solution.
00:26So we will therefore also extend the suspension of our countermeasures till early August.
00:34And at the same time, we will continue to prepare further countermeasures so we are fully prepared.
00:39Very important in this is always the second and the third element.
00:45The second element is to diversify our trade relationships.
00:48So this big and important political agreement on a free trade agreement with Indonesia is today a huge milestone forward and shows that we are looking for new market, open market.
01:02And the third element, of course, is working on the single market itself, deepening the single market because this is our safe harbor.
01:10Thank you, Mr. President, do you want to add?
01:17No, then we will take a second question.
01:20Second question, Francesca.
01:24Madam President, Francesca Basso, Corriere della Sera.
01:28You received the letter from U.S.
01:31You always choose the dialogue as a strategy, but apparently it's not paying off.
01:41So what is your reaction to this letter that has some strong tone?
01:51So we have, as you know, a two-track approach.
01:54It's very important.
01:55We have always been very clear that we prefer a negotiated solution.
02:01This remains the case, and we will use the time that we have now till the 1st of August.
02:08And on the second track, since the very beginning, we have worked and now are ready to respond with countermeasures.
02:16We've prepared for this, and we can respond with countermeasures if necessary.
02:22So this two-track approach pays off because we are prepared.
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