Trump delays 50% EU tariffs until July 9
CNN
President Donald Trump said Sunday that he has agreed to give the European Union an extension until July 9 on tariffs, after a “very nice call” from European Commission President Ursula von der Leyen.
President Donald Trump said Sunday that he has agreed to delay a 50% tariff on European Union imports until July 9, the latest instance of Trump declaring an impending tariff and throwing markets into confusion only to later walk back the threatened levies. Trump said he and European Commission President Ursula von der Leyen had a “very nice call” that led to the delay. “(Von der Leyen) said she wants to get down to serious negotiation,” Trump told reporters at Morristown Municipal Airport in New Jersey. “July 9 would be the day, that was the date she requested. Could we move it from June 1 to July 9? I agreed to do that.” “She said we will rapidly get together and see if we can work something out,” he added. As recently as Friday, Trump said he was “not looking for a deal” with the EU, and that their tariff rate was set at 50% and would go into effect on June 1. That rate would have come after he had imposed a 20% reciprocal tariff on the EU in April — which itself was also delayed, as were other so-called reciprocal tariffs. Minutes after speaking with reporters, Trump posted on Truth Social that “talks will begin rapidly.”
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