Trump’s tariffs on EU delayed after call with bloc chief on trade talks
Global News
Trump restored a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal after what he said was "a very nice call" with von der Leyen.
A weekend telephone call between U.S. President Donald Trump and EU chief Ursula von der Leyen gave ‘new impetus’ to trade talks, the EU said on Monday, after Trump dropped his threat to impose 50 per cent tariffs on imports from the European Union next month.
Trump restored a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal after what he said was “a very nice call” with von der Leyen on Sunday which an EU spokesperson said had been initiated by her.
The euro hit a one-month high against the dollar on Monday, while European shares surged and were poised to recoup the previous session’s losses. Gold prices fell as Trump’s latest move reduced demand for the safe-haven asset.
The US and EU trade representatives were due to hold talks on Monday afternoon, European time, the European Commission spokesperson said, declining to give any information about the content of the call between Trump and von der Leyen.
“There’s now also a new impetus for the negotiations, and we will take it from there,” the spokesperson said.
“They agreed both to fast track the trade negotiations and to stay in close contact.”
German Economy Minister Katherina Reiche called for tariff negotiations to proceed calmly. “We have to find a common path,” she said.
Trump had said on Friday that he was recommending a 50 per cent tariff effective from June 1, expressing frustration that trade negotiations with the EU were not moving quickly enough. The threat roiled global financial markets and intensified a trade war that has been punctuated by frequent changes in tariff policies toward U.S. trading partners and allies.
Costco has sued the U.S. government to ensure it will receive refunds if the Supreme Court rejects President Donald Trump's bid for sweeping authority to impose tariffs.
Footage of the incident, shared on social media, shows the man shimmying down a tree into the lion enclosure.
Initial tests showed it was up to code, but investigators later found seven failed safety standards, which officials said suggested contractors skimped to make greater profits.
The 2025 news cycle was 'dominated by social unrest, debates about the regulation of online content, and concerns over digital wellbeing,' OUP said while announcing the decision.
Lawmakers from both parties said Sunday they support congressional reviews of recent U.S. military strikes against vessels suspected of smuggling drugs.
Hundreds more are missing following flooding and landslides in the past week, which killed at least 604 people in Indonesia, 366 in Sri Lanka and 176 in Thailand, authorities said.
Secretary of State Marco Rubio and other U.S. officials held talks with a Ukrainian delegation to further hash out the details of a proposed peace framework.