The European Union will delay the implementation of its trade countermeasures against the United States from Monday until early August to allow more time to negotiate a deal.

The EU will extend its suspension of countermeasures to U.S. tariffs until early August as it aims for a negotiated solution on trade with the United States, European Commission President Ursula von der Leyen said on Sunday.

The European Union will extend the suspension of its trade countermeasures until Aug. 1 while it continues to seek a negotiated settlement to the Trump administration's tariffs. "We remain ready to continue working towards an agreement by August 1,