India, July 14 -- The European Union has announced that it will suspend the implementation of its trade countermeasures against the United States until early August to allow more time for a negotiated settlement to the issue.
In a letter sent to the European Commission Saturday, President Donald Trump said he would impose a 30 percent tariff on most goods imported from the European Union from August 1.
Responding to it at a news conference on Sunday, European Commission president Ursula von der Leyen said, "We will therefore also extend the suspension of our countermeasures till early August. At the same time, we will continue to prepare further countermeasures so we are fully prepared."
"We have always been very clear that we prefer a n...