President Donald Trump announced on Sunday that he has agreed to extend the deadline for a proposed 50% tariff on the European Union until July 9, 2025. In a post on Truth Social, Trump revealed he had a conversation with Ursula von der Leyen, President of the European Commission, who requested the extension to negotiate a favorable deal. Trump expressed that it was a privilege to grant this extension, indicating a willingness to cooperate.
Von der Leyen referred to their discussion as a “good call” and mentioned the importance of the EU-US trade relationship, describing it as “the world’s most consequential and close.” She emphasized Europe’s readiness to advance negotiations swiftly.
Previously, Trump had implemented a 20% tariff on the EU under his “reciprocal tariffs” policy, later reducing it to 10% for 90 days. However, he had recently suggested imposing a 50% tariff starting June 1, citing difficulties in negotiations with the EU. On Truth Social, he expressed frustration, stating, “Our discussions with them are going nowhere!” Trump noted his intention not to finalize a deal before the deadline, insisting that it was time to adopt a tougher stance in negotiations.
This extension allows both parties more time to reach a potential agreement, reflecting ongoing challenges in US-EU trade relations. The situation continues to develop as both sides prepare for renewed discussions ahead of the new deadline.
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