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EU delays retaliatory tariffs against US amid hopes for trade deal

EU delays retaliatory tariffs against US amid hopes for trade deal

Ursula von der Leyen says bloc hopes to see negotiated solution to trade tensions.

The European Union has delayed retaliatory tariffs on exports from the United States as officials scramble to reach a trade deal with Washington ahead of US President Donald Trump’s August 1 deadline.

Ursula von der Leyen, the president of the European Commission, said on Sunday that the bloc would extend its suspension of countermeasures as it continued negotiations with the Trump administration.

“At the same time, we will continue to prepare for the countermeasures, so we’re fully prepared,” von der Leyen said during a news conference in Brussels.

“We have always been very clear that we prefer a negotiated solution,” she added.

“This remains the case, and we will use the time that we have now until the 1st of August.”

The EU’s announcement comes after Trump on Saturday unveiled plans to slap a 30 percent tariff on European and Mexican exports from August 1.

The EU in March announced retaliatory tariffs on 26 billion euros ($30bn) of US exports in response to Trump’s duties on steel and aluminium.

The bloc paused the measures for 90 days the following month after Trump announced he would delay the implementation of his so-called “reciprocal tariffs”.

The EU’s pause had been due to expire at midnight on Monday.

EU trade ministers are scheduled to convene in Brussels on Monday to discuss options for responding to Trump’s latest tariff threats.

On Sunday, White House Economic Adviser Kevin Hassett said that Trump was not happy with the “sketches of deals” presented by US trade partners so far and that their offers would “need to be better”.

“These tariffs are real if the president doesn’t get a deal that he thinks is good enough, but, you know, conversations are ongoing, and we’ll see where the dust settles,” Hassett told ABC News’s This Week.

Taken together, EU member countries are the US’s largest trading partner.

US-EU trade in goods and services amounted to 1.7 trillion euros ($2 trillion) in 2024, according to EU statistics agency Eurostat.

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Australia and Japan have signed contracts for the first three of 11 warships set to be delivered to the Australian navy under a landmark $7bn defence deal, as the two close US allies in the Asia Pacific region deepen defence cooperation.

Australia’s Defence Minister Richard Marles and Japanese Defence Minister Koizumi Shinjiro made the announcement in Melbourne on Saturday at the signing ceremony for the Mogami-class warships.

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The “Mogami Memorandum” pledges to deepen military ties, including through “closer industrial cooperation” in defence.

Japan’s Mitsubishi Heavy Industries will build three of the stealth frigates in southern Nagasaki Prefecture, while Australia’s Austal will build eight in Western Australia.

The first of the Japanese-built warships is scheduled to be delivered in 2029 and enter service in 2030.

“Our surface fleet is more important than at any time in decades,” Marles said in a statement.

“These general-purpose frigates will help secure our maritime trade routes and northern approaches as part of a larger and more lethal surface combatant fleet.”

Shinjiro said closer defence coordination was becoming more important as Australia and Japan faced an “increasingly severe security environment”.

Australia’s government last year announced that it had chosen Mitsubishi Heavy Industries to build its fleet of next-generation warships, following a bidding war between the Tokyo-based firm and Germany’s Thyssenkrupp.

Australia has committed to a record $305bn in military spending over the next decade, as part of a widespread defence overhaul aimed at boosting the country’s naval power to levels not seen since World War II.

Under the plans, Canberra’s defence spending is set to rise to 3 percent of gross domestic product (GDP) by 3033, from about 2 percent now.

Australia and Japan, two of the United States’ closest allies, have ramped up military cooperation in recent years amid shared concerns about shifts in the regional security environment, particularly China’s rising influence. Tokyo and Canberra are also members of the Quad security bloc led by the US.

#Australia #Japan #sign #contracts #7bn #warships #dealEconomy, News, Business and Economy, Military, Asia Pacific, Australia">Australia and Japan sign contracts for bn warships dealDefence deal is latest example of deepening ties between Canberra and Tokyo amid shared concerns over China’s rise.Published On 19 Apr 202619 Apr 2026Australia and Japan have signed contracts for the first three of 11 warships set to be delivered to the Australian navy under a landmark bn defence deal, as the two close US allies in the Asia Pacific region deepen defence cooperation.Australia’s Defence Minister Richard Marles and Japanese Defence Minister Koizumi Shinjiro made the announcement in Melbourne on Saturday at the signing ceremony for the Mogami-class warships.Recommended Stories list of 4 itemsend of listThe “Mogami Memorandum” pledges to deepen military ties, including through “closer industrial cooperation” in defence.Japan’s Mitsubishi Heavy Industries will build three of the stealth frigates in southern Nagasaki Prefecture, while Australia’s Austal will build eight in Western Australia.The first of the Japanese-built warships is scheduled to be delivered in 2029 and enter service in 2030.“Our surface fleet is more important than at any time in decades,” Marles said in a statement.“These general-purpose frigates will help secure our maritime trade routes and northern approaches as part of a larger and more lethal surface combatant fleet.”Shinjiro said closer defence coordination was becoming more important as Australia and Japan faced an “increasingly severe security environment”.Australia’s government last year announced that it had chosen Mitsubishi Heavy Industries to build its fleet of next-generation warships, following a bidding war between the Tokyo-based firm and Germany’s Thyssenkrupp.Australia has committed to a record 5bn in military spending over the next decade, as part of a widespread defence overhaul aimed at boosting the country’s naval power to levels not seen since World War II.Under the plans, Canberra’s defence spending is set to rise to 3 percent of gross domestic product (GDP) by 3033, from about 2 percent now.Australia and Japan, two of the United States’ closest allies, have ramped up military cooperation in recent years amid shared concerns about shifts in the regional security environment, particularly China’s rising influence. Tokyo and Canberra are also members of the Quad security bloc led by the US.#Australia #Japan #sign #contracts #7bn #warships #dealEconomy, News, Business and Economy, Military, Asia Pacific, Australia

Australia and Japan have signed contracts for the first three of 11 warships set to be delivered to the Australian navy under a landmark $7bn defence deal, as the two close US allies in the Asia Pacific region deepen defence cooperation.

Australia’s Defence Minister Richard Marles and Japanese Defence Minister Koizumi Shinjiro made the announcement in Melbourne on Saturday at the signing ceremony for the Mogami-class warships.

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list of 4 itemsend of list

The “Mogami Memorandum” pledges to deepen military ties, including through “closer industrial cooperation” in defence.

Japan’s Mitsubishi Heavy Industries will build three of the stealth frigates in southern Nagasaki Prefecture, while Australia’s Austal will build eight in Western Australia.

The first of the Japanese-built warships is scheduled to be delivered in 2029 and enter service in 2030.

“Our surface fleet is more important than at any time in decades,” Marles said in a statement.

“These general-purpose frigates will help secure our maritime trade routes and northern approaches as part of a larger and more lethal surface combatant fleet.”

Shinjiro said closer defence coordination was becoming more important as Australia and Japan faced an “increasingly severe security environment”.

Australia’s government last year announced that it had chosen Mitsubishi Heavy Industries to build its fleet of next-generation warships, following a bidding war between the Tokyo-based firm and Germany’s Thyssenkrupp.

Australia has committed to a record $305bn in military spending over the next decade, as part of a widespread defence overhaul aimed at boosting the country’s naval power to levels not seen since World War II.

Under the plans, Canberra’s defence spending is set to rise to 3 percent of gross domestic product (GDP) by 3033, from about 2 percent now.

Australia and Japan, two of the United States’ closest allies, have ramped up military cooperation in recent years amid shared concerns about shifts in the regional security environment, particularly China’s rising influence. Tokyo and Canberra are also members of the Quad security bloc led by the US.

#Australia #Japan #sign #contracts #7bn #warships #dealEconomy, News, Business and Economy, Military, Asia Pacific, Australia">Australia and Japan sign contracts for $7bn warships deal

Defence deal is latest example of deepening ties between Canberra and Tokyo amid shared concerns over China’s rise.

Australia and Japan have signed contracts for the first three of 11 warships set to be delivered to the Australian navy under a landmark $7bn defence deal, as the two close US allies in the Asia Pacific region deepen defence cooperation.

Australia’s Defence Minister Richard Marles and Japanese Defence Minister Koizumi Shinjiro made the announcement in Melbourne on Saturday at the signing ceremony for the Mogami-class warships.

Recommended Stories

list of 4 itemsend of list

The “Mogami Memorandum” pledges to deepen military ties, including through “closer industrial cooperation” in defence.

Japan’s Mitsubishi Heavy Industries will build three of the stealth frigates in southern Nagasaki Prefecture, while Australia’s Austal will build eight in Western Australia.

The first of the Japanese-built warships is scheduled to be delivered in 2029 and enter service in 2030.

“Our surface fleet is more important than at any time in decades,” Marles said in a statement.

“These general-purpose frigates will help secure our maritime trade routes and northern approaches as part of a larger and more lethal surface combatant fleet.”

Shinjiro said closer defence coordination was becoming more important as Australia and Japan faced an “increasingly severe security environment”.

Australia’s government last year announced that it had chosen Mitsubishi Heavy Industries to build its fleet of next-generation warships, following a bidding war between the Tokyo-based firm and Germany’s Thyssenkrupp.

Australia has committed to a record $305bn in military spending over the next decade, as part of a widespread defence overhaul aimed at boosting the country’s naval power to levels not seen since World War II.

Under the plans, Canberra’s defence spending is set to rise to 3 percent of gross domestic product (GDP) by 3033, from about 2 percent now.

Australia and Japan, two of the United States’ closest allies, have ramped up military cooperation in recent years amid shared concerns about shifts in the regional security environment, particularly China’s rising influence. Tokyo and Canberra are also members of the Quad security bloc led by the US.

#Australia #Japan #sign #contracts #7bn #warships #dealEconomy, News, Business and Economy, Military, Asia Pacific, Australia

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