Overview

• President Donald Trump confirmed a 30% tariff on all non-exempt EU goods from August 1 and warned Mexico it could face the same rate.
• Existing sectoral duties on cars, steel and aluminium will remain unchanged and will not be compounded by the new levy.
• Ursula von der Leyen suspended the EU’s €21 billion retaliatory tariff package and reiterated willingness to work toward a deal through the August 1 cutoff.
• EU trade ministers are set to convene in Brussels on July 14 to map out targeted countermeasures should negotiations collapse.
• European leaders warn that steep US duties risk disrupting critical transatlantic supply chains and say they stand ready to protect jobs if no fair agreement emerges.