The European Union has announced it will extend the suspension of retaliatory tariffs on U.S. goods until August 1, 2025, in an effort to continue negotiations and reach a trade agreement with the Trump administration. European Commission President Ursula von der Leyen stated that the EU will delay the implementation of countermeasures initially scheduled to begin imminently, following a letter from the United States outlining potential measures that would take effect if no negotiated solution is reached. This extension aims to provide additional time for diplomatic discussions amid ongoing trade tensions between the EU and the U.S. The move reflects the EU's willingness to pursue a negotiated settlement rather than immediate tariff retaliation in response to U.S. tariffs imposed earlier in the trade dispute.