The European Union will extend the suspension of its trade countermeasures until Aug. 1 while it continues to seek a negotiated settlement to the Trump administration's tariffs.

President Donald Trump prides himself on being a dealmaker, but his negotiating style is more ultimatum than compromise.

As well as the initial list of counter-tariffs, the European Commission, which runs trade policy, is consulting on a package of tariffs on a further €95bn of imports from the US, including aircraft, ...