WASHINGTON: US President Donald Trump has agreed to postpone the introduction of 50% tariffs on exports from the European Union until July...
WASHINGTON: US President Donald Trump has agreed to postpone the introduction of 50% tariffs on exports from the European Union until July 9.
"I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union. I agreed to the extension — July 9, 2025," he wrote on the Truth Social network.
The US leader added that "The Commission President said that talks will begin rapidly."
Earlier, Trump recommended to introduce the tariffs at the rate of 50% on EU goods beginning on June 1 due to difficulties in trade talks. Trade barriers, the value-added tax, corporate penalties, non-monetary obstacles and other steps on the part of the European Union "have led to a trade deficit with the US of more than $250,000,000 a year, a number which is totally unacceptable," the US leader emphasized.
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