BRUSSELS, July 13 (Reuters) - The EU will extend its suspension of countermeasures to U.S. tariffs until early August as it aims for a negotiated solution on trade with the United States, European Commission President Ursula von der Leyen said on Sunday.

After months of seeing very little inflation, US consumers probably experienced slightly faster price growth in June as companies started to pass along the higher cost of imported merchandise associated with tariffs.

The US economy is expected to slow the rest of the year as tariffs take a bigger toll on consumers and businesses, immigration constraints intensify

Germany's Economy Minister Katherina Reiche warns that President Trump's proposed 30% tariffs on EU imports could harm European exporters and US consumers. She advocates for a swift and pragmatic resolution to the trade conflict to prevent further economic damage amid rising tensions.

You won't believe how Italy is reacting to the threat of US tariffs! Learn all about Giorgia Meloni's strategy and the dynamics at play.

Traders will closely monitor the developments surrounding the US-EU tariff policy as the bloc is the largest trading partner of the US. Any signs of renewed trade tensions or tariff uncertainty could undermine the shared currency in the near term.

The United States will impose a 30% tariff on goods imported from the European Union and Mexico starting August 1, as announced by President Donald Trump. Experts warn of potential trade conflict, especially if retaliatory measures are taken by the EU,