EU Delays Tariffs to Seek Trade Deal with US
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The EU will stop new taxes on American goods. They hope to make a trade deal with the US soon. The goal is to reach an agreement before the end of this month.
Ursula von der Leyen said now is the time to talk. This happened after Trump announced new taxes. The new taxes are 30% on goods from the EU and Mexico.
The EU planned to add taxes on Monday. But they will wait until August 1 to do this. Von der Leyen said Trump's letter shows they have time to negotiate.
Europe sells many things to the US, such as medicine. They also sell cars, planes, and wine. The EU prefers to talk and find a solution about trade.
Italy's leader said a trade war would make everyone weaker. Italy wants a fair trade agreement. The EU has the power to ask for a fair deal with the US.
Questions
What will the EU stop doing regarding American goods?
The EU will stop new taxes on American goods.
What did Ursula von der Leyen say about the timing of talks?
Ursula von der Leyen said now is the time to talk.
What does Italy's leader think about a trade war?
Italy's leader said a trade war would make everyone weaker.
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