President Donald Trump has delayed implementing his widespread "Liberation Day" tariff for a second time, flip-flopping on whether the new deadline was ironclad.

The EU is ready to retaliate to safeguard its interests if the U.S. proceeds with imposing a threatened 30% tariff on European goods starting on August 1, European Commission President Ursula von der Leyen said on July 12.

U.S. President Donald Trump on Sunday said some trade deals had been made with trading partners and letters would go out to other countries notifying them of higher tariff rates.

President Trump postponed the implementation of country-specific reciprocal tariffs from July 9 to August 1, giving countries additional time to negotiate deals with the U.S. before facing higher tariff rates.

Impact of tariff pause extension 02:25. President Trump this week has threatened to hit at least 20 nations with steep import duties by next month. Mr. Trump initially posted two nearly identical ...

The European Commission responded to Trump's announcement in a written statement, saying it remains ready to reach an agreement, while also taking "necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures.