EU Extends Tariff Talks as Trump Threatens 30%

French food and dairy producers have warned that President Trump's proposed 30% tariffs on EU imports would have disastrous effects on their sector, threatening hundreds of millions of euros in annual exports to the US. The European Union, under Commission President Ursula von der Leyen, has extended the suspension of its planned countermeasures against existing US steel and aluminium tariffs, signaling a preference for negotiation before the August 1 deadline. Von der Leyen reiterated the EU's commitment to free trade and warned that the new tariffs would severely disrupt transatlantic supply chains. The EU has prepared retaliatory tariffs on US goods worth around €21 billion if talks fail. Trump has justified the proposed tariffs by pointing to the US-EU trade deficit and has indicated the tariffs could be lifted if EU firms boost US manufacturing. Both sides remain tense but continue to signal a willingness to reach an agreement.