United States President Donald Trump on Sunday agreed to push the deadline for implementing a 50 percent tariff on European goods from June 1 to July 9. The move comes after the head of the European Union Ursula von der Leyen claimed that “they need more time to reach a good deal,” as reported by Reuters.
Trump Delays EU Tariffs Until July 9
Trump had earlier voiced his frustration on Friday asserting that the trade talks are not moving at a fast enough pace.
Trump had earlier voiced his frustration on Friday asserting that the trade talks are not moving at a fast enough pace. He further threatened to impose sweeping tariffs of 50 percent starting June 1.
The US President had announced a 20 percent tariff on most EU goods last month which was later reduced to 10 percent in light of the negotiations.
According to reports, Trump extended the deadline after Leyen requested him to do so over a call. "We will rapidly get together to see if we can work something out,” she said in a social media post. While posting on X, she also said that she had a “good phone call” with Trump pertaining to the negotiations.
While speaking to reporters, Trump claimed that Leyen told him "we will rapidly get together and see if we can work something out,” as reported by BBC. He later posted on his Truth Social platform that “it was his privilege to extend the deadline.”
Trump had previously called the EU “very difficult to deal with” which is also one of the largest trading partners for the US. According to US government data, the EU exported over $600 billion goods to the nation while importing goods worth more than $370 billion last year.
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