The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday.

Ursula von der Leyen says the EU will halt tariff countermeasures against the U.S. till early August:: July 13, 2025:: Brussels, Belgium:: Ursula von der Leyen, President, European Commission"The United States have sent us a letter with measures that would come into effect unless there is a negotiated solution.

German Finance Minister Lars Klingbeil said on Sunday the European Union must take "decisive" measures against the United States if tariff negotiations fail to cool an escalating global trade war.

President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.

The European Commission responded to Trump's announcement in a written statement, saying it remains ready to reach an agreement, while also taking "necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures.

The European Union braced on Friday for a possible letter from U.S. President Donald Trump outlining planned duties on the United States' largest trade and investment partner after a broadening of his tariff war in recent days.

NEW YORK (Reuters) -Investors awaited tariff news between the U.S. and European Union on Friday that could add a potentially volatile development to the end of a week in which President Donald Trump reignited his global trade war.