- Trump stated on Sunday that he will postpone a 50% tariff on European products until July.
- The European Commission President Ursula von der Leyen stated that she had a “productive conversation” with Trump.
- The US still maintains a basic 10% tariff on goods from the EU.
President
Donald Trump
mentioned on Sunday that he consented to prolong the due date for a
50% tax on the European Union
From June 1 through July 9.
“He stated on his Truth Social platform that he got a call today from Ursula von der Leyen, the President of the European Commission, asking for more time regarding the June 1st deadline on the 50% tariff concerning trade with the EU. He consented to extend it until July 9, 2025, considering it an honor to do so,” he shared.
“The president of the commission mentioned that negotiations will start quickly,” he noted.
Earlier on Sunday, von der Leyen stated on X that she had a “positive conversation” with Trump.
“The EU and US have the most significant and closely knit trade partnership globally. Europe is prepared to move forward with negotiations quickly and resolutely,” she stated.
In April, Trump introduced 20% tariffs on the European Union prior to making an additional statement.
90-day pause
And reducing the tax to 10%. Nevertheless, Trump recently suggested imposing a 50% tariff on the EU, referring to the 27-nation bloc as “very hard to negotiate with.”
The Trump administration recently created
trade deal with the United Kingdom
And is engaged in negotiating a trade agreement with China, which has experienced the most volatile trading dynamics with the United States starting from the outset of Trump’s second term.
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