INSUBCONTINENT EXCLUSIVE:
The European Union said on Sunday it would extend its suspension of countermeasures to U.S
tariffs until early August and continue to press for a negotiated settlement as U.S
on most imports from the EU and Mexico from August 1, adding to similar warnings for other countries and leaving them less than three weeks
to hammer out framework deals that could lower the threatened tariff rate.White House Economic Adviser Kevin Hassett said on Sunday that
ruling coalition, told Sueddeutsche Zeitung newspaper.While the EU has held back from retaliating against the U.S
in the months since Trump hit the bloc with tariffs, it has readied two packages that could hit a combined 93 billion euros of U.S
goods.A first package, in response to U.S
levies of 50% on imported steel and aluminium that would hit 21 billion euros in U.S
goods, was suspended in April for 90 days to allow time for negotiations
These measures have not been made public and the final list requires approval by member states.Anti-Coercion InstrumentVon der Leyen said on
desire to strike deals with more trading partners at a time of deepening uncertainty in trans-Atlantic relations, von der Leyen said a
