The United States is extending the deadline for potential tariffs, shifting the implementation date to August 1st. White House spokesperson Karoline Leavitt confirmed that a presidential decree will be signed on Monday to formalize this extension. Should agreements not be reached with affected nations by then, significant tariff increases are anticipated to take effect early in August.
Affected countries will receive written notification within the next month detailing the specific tariffs that will apply. The spokesperson emphasized that ongoing negotiations remain possible and the opportunity for deals remains open.
The German government recently expressed cautious optimism regarding the possibility of reaching an agreement between the EU and the United States. Government spokesperson Stefan Kornelius, speaking in Berlin, stated his continued confidence in a potential resolution. He voiced trust in the EU Commission’s handling of the negotiations, noting the complexity of balancing numerous interests and sectors involved.
Kornelius highlighted the extensive scenario planning and consultations undertaken by the EU Commission, involving discussions with industry stakeholders, affected parties and national governments. He characterized the negotiating landscape as a “complex matrix” requiring a delicate balancing act. The spokesperson also praised the Commission’s unified and discreet approach, deemed crucial for effective negotiations and reflecting the confidence of the German government.