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The European Union prepares new interactions for US tariffs before the deadline for negotiations on August 1.
On Thursday, the European Commission approved a bylaw that could install up to 30 % in multiple US goods, with several tasks to start August 7. The by -law also calls for suspension of export of steel, iron and aluminum waste to the United States, which is effective on September 7th.
New reciprocal measures will replace the EU’s previous retaliatory tariffs, which have been approved in response to US duties, including items approved by steel, aluminum, cars, automotive parts and trucks. The block has delayed its implementation twice because it wants to negotiate with the Trump administration.
“We have always been clearly clear to prefer a solution to the negotiation,” said European Commissioner Orsola von Valley Lynn. “This is the case left and we will use the time we are now until August 1.”
The US president Donald Trump unveiled a wide range of new tariffs since returning to the elliptical office in January. Linchpin negotiations with the European Union and other business partners are the country’s specific mutual taxes that he announced on April 2. These tariffs are pause on April 9, but are expected to be implemented on August 1.
In the meantime, the United States has set up the rates it intends to install in any country, according to a letter that Trump shared earlier this month, the EU has faced a potential 30 % tariff since August 1. The block was initially tagged at a 20 % task rate at the April Trump announcement.
Prior to the first August deadline, the Trump administration announced that it had reached transactions and frameworks with several business partners to reduce the country’s specific duties, including Japan, Indonesia and Britain, while other negotiations are underway.
Editor note: This story has been updated to include additional information on the EU’s approved by -law.
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