The EU has decided to delay the introduction of reciprocal tariffs on the US, originally set to take effect on July 15, to allow room for negotiations. European Commission President Ursula von der Leyen stated that the EU will continue preparing countermeasures but aims to resolve the dispute through dialogue. This move responds to the US tariffs of 30% on imports from the EU and Mexico, announced by US President Donald Trump to start on August 1. Trump also announced tariffs on imports from BRICS countries and others, including Serbia, where tariffs reach 35%. Trade tensions are escalating, with the EU emphasizing the importance of diversifying trade relations. This situation threatens to worsen US-EU relations, with businesses and consumers on both sides of the Atlantic feeling the impact. Will negotiations succeed, or are we headed for a full-blown trade war? Stay tuned and share your thoughts – is this just another empty threat or the start of a serious conflict? Comments are open, so drop a line, maybe you have the solution to this mess!
