EU Expands Tariff Talks Amid US Trade Tensions

The European Union is accelerating discussions with key trade partners including Canada and Japan to coordinate responses against US tariffs on steel and aluminum. Commission President Ursula von der Leyen confirmed an extension of the moratorium on reciprocal duties until August 1, buying time for negotiations while preparing retaliatory measures.

A broader EU tariff package targeting $96 billion in US goods is under consideration, with an initial list covering €21 billion ($24.5 billion) ready for member state approval. Von der Leyen emphasized the bloc's preference for a diplomatic solution but warned that countermeasures remain prepared if talks fail.

French President Emmanuel Macron has urged EU leaders to expedite contingency plans, including potential activation of the Anti-Coercion Instrument—a crisis mechanism designed to counter economic pressure. The developments highlight growing transatlantic trade tensions as the August deadline approaches.