German Chancellor Friedrich Merz is working with EU leaders to prevent 30 percent U.S. tariffs before the August 1 deadline amid escalating trade tensions.
The European Union will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.
Facing growing chaos, the European Union and numerous other countries are seeking to forge a global trading nexus that is less vulnerable to American tariffs.
