President Donald Trump has postponed the implementation of a 50% tariff on European Union (EU) goods until July 9, 2025, to allow for further trade discussions. This decision comes after a conversation with European Commission President Ursula von der Leyen, who expressed a commitment to engaging in serious negotiations. Trump articulated that von der Leyen's readiness to collaborate prompted him to grant this extension.
Originally set to take effect on June 1, the tariffs sparked heightened tensions, with Trump previously labeling the EU as 'very difficult to deal with' and criticizing the stagnation in trade talks. However, he indicated that the recent dialogue with von der Leyen eased these tensions.
In a statement, Trump noted, 'I agreed to the extension, July 9, 2025. It was my privilege to do so,' which he shared on Truth Social following his media appearance. Von der Leyen responded positively, emphasizing the EU's commitment to reaching a substantial agreement. 'Europe is ready to advance talks swiftly and decisively,' she stated, highlighting the necessity of the extension to secure a beneficial deal.
