Trump delays EU tariffs after talks with von der Leyen resume
Donald Trump decided to hold off on imposing 50% tariffs on goods from the EU after a conversation with Ursula von der Leyen. Trade negotiations are set to resume soon.
What do you need to know?
- After a discussion with European Commission President Ursula von der Leyen, Donald Trump decided to delay imposing 50% tariffs on EU goods, which were initially set to take effect on June 1st.
- The new date for imposing the tariffs has been postponed to July 9, 2025, allowing time for the resumption of trade talks between the US and the EU.
- Trump announced his decision after previously stating that talks with the EU were "going nowhere" and planning to impose the tariffs.
Why did Trump change his decision on tariffs?
US President Donald Trump decided to hold off on imposing 50% tariffs on European Union goods following a conversation with Ursula von der Leyen, the President of the European Commission.
Trade talks between both parties are expected to resume soon. Trump announced this on his social media platform, emphasizing that he agreed to extend the deadline to July 9, 2025.
What are the next steps in the trade negotiations?
Trump confirmed his decision while speaking to journalists before departing from New Jersey to the White House.
- 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! - Trump said.
What does withdrawing from previous announcements mean?
Trump's announcement signifies a departure from his earlier statement on Friday, when he declared that talks with the EU were "going nowhere" and thus he would impose 50% tariffs on the EU. Initially, according to the announcement on April 2nd, dubbed "liberation day," EU goods were to be subject to 20% tariffs, but Trump suspended this rate, reducing it, as with all other countries except China, to 10%. The suspension of higher tariffs was to be in effect until July 9.
