US-EU Trade Talks Delay Tariff Hike as President Donald Trump announced a pause in planned duties on European goods. The 50% tariff, initially set for June 1, will now take effect on July 9, if talks fail. Trump confirmed the extension following a phone call with European Commission President Ursula von der Leyen.
Trump said von der Leyen showed a strong interest in serious trade negotiations. He stated that she wanted to “rapidly get together and see if we can work something out.” As a result, he agreed to postpone the tariff deadline.
The decision to delay followed a tense week. On Friday, Trump had warned of the tariff in a social media post. He criticized the European Union for being “very difficult to deal with” and claimed that discussions had stalled.
However, Sunday’s call changed the tone. Trump described the conversation as productive. He emphasized that von der Leyen requested time to advance negotiations. As a result, he granted the extension, stating, “It was my privilege to do so.”
The US-EU Trade Talks Delay Tariff Hike not only helps calm market uncertainty but also signals a window for compromise. European leaders now have several weeks to craft a proposal that meets U.S. expectations.
Von der Leyen also made a public statement after the call. She reaffirmed the importance of the U.S.-EU trade relationship. According to her, both sides share the world’s “most consequential and close trade relationship.” Additionally, Europe is prepared to move talks forward swiftly.
Although tensions remain, this delay shows a willingness to negotiate. Businesses on both continents now have a clearer view of what lies ahead. However, the outcome of the US-EU Trade Talks Delay Tariff Hike will depend on the next few weeks.
If no deal is reached by July 9, the U.S. may still proceed with the 50% tariff. Until then, leaders from both sides must work quickly to find common ground.
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