On Sunday, President Donald Trump announced that he had agreed to extend the deadline for a proposed 50% tariff on the European Union (EU) until July 9, 2025. He made this announcement via Truth Social, following a phone call with Ursula von der Leyen, President of the European Commission. Von der Leyen had requested the extension, indicating a need for more time to negotiate a favorable trade agreement, which she referred to as a “good deal.”
In her comments, she emphasized the importance of the EU-US trade relationship, labeling it as one of the most consequential in the world. She expressed eagerness to advance discussions swiftly and decisively. Previously, Trump had imposed a 20% tariff on the EU as part of his “reciprocal tariffs” strategy, later reducing it to 10% for 90 days.
Despite this reduction, Trump threatened to implement a straight 50% tariff starting June 1, arguing that the 27-nation EU bloc has been difficult to negotiate with, declaring that discussions were “going nowhere.” He had previously indicated that he was not looking to finalize any deal before the June deadline.
In his comments, Trump asserted his approach to trade dealing, stating, “It’s time that we play the game the way I know how to play the game,” which suggests a more aggressive negotiating strategy. This extension reflects ongoing complexities and tensions in US-EU trade relations, with both sides keen on finding a resolution while navigating the implications of tariffs.
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