EU states earlier on Thursday approved a package of counter-tariffs of up to 30 per cent on 93 billion euros ($109-billion) of US goods -- that would take effect from August 7 if there is no accord.

‘Deal within reach’: EU believes closer to trade agreement with US

Business & Economy: Trump decision came after a phone conversation between Trump and European Commission President Ursula von der Leyen on Sunday. 

Trump takes sudden U-turn, extends 50 per cent EU tariff deadline to July 9

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‘Deal within reach’: EU believes closer to trade agreement with US

Trump takes sudden U-turn, extends 50 per cent EU tariff deadline to July 9