The European Union has paused its retaliatory trade measures against the United States following President Trump’s alarming 30% tariff threat on European goods. As both sides navigate these turbulent waters, EU leaders have announced a delay in countermeasures until early August in hopes of reaching a trade agreement. This decision comes as Germany urges constructive dialogue and a serious approach to negotiations. The EU has expressed readiness to finalize a framework trade deal, focusing on core issues such as car imports and agriculture. While the US offers a 10% tariff deal with certain conditions, the looming deadline raises concerns about potential economic fallout on both sides of the Atlantic. EU officials remain vigilant, signaling they may still respond if negotiations falter.