President Donald Trump delayed slapping 50% tariffs on the European Union after a talk with European Commissioner Ursula von der Leyen:
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 — It was my privilege to do so. The Commission President said that talks will begin rapidly. Thank you for your attention to this matter!
Last week, Trump threatened the June 1 tariffs after trade talks stalled.
“Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable,” Trump wrote on Truth Social on May 23. “Our discussions with them are going nowhere!”
European Trade Commissioner Maros Sefcovic has plans to speak with U.S. Trade Representative Jamieson Greer today, according to CNBC.
CLICK HERE FOR FULL VERSION OF THIS STORY