EU pauses trade retaliation against US
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European Union, von der Leyen
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Letters went to 23 other American trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 percent
European Commission chief Ursula von der Leyen said the European Union will extend the suspension of trade countermeasures against the US until Aug. 1 to allow for further talks after Donald Trump threatened a new 30% tariff rate against the bloc.