The EU's retaliatory tariffs on US exports have been delayed again, European Commission President Ursula von der Leyen has announced. The countermeasures, which were due to start on Tuesday, came in response to US President Donald Trump's initial import taxes on steel and aluminium.

The European Union will extend its suspension of tariffs on goods imported from the US until early August, despite Washington's decision to slap a 30% levy on imports from the bloc, European Commission chief Ursula von der Leyen said on Sunday.

The EU will suspend retaliatory tariffs on US goods scheduled to take effect on Monday in hopes of reaching a trade deal with the Trump administration by the end of the month. “This is now the time for negotiations,