President Donald Trump announced Sunday that the planned 50% tariff on EU goods—originally set to begin June 1—will now be delayed until July 9 following a phone call with European Commission President Ursula von der Leyen.
“She wants to get down to serious negotiations,” Trump said, adding that he agreed to the extension “as a privilege.”
Von der Leyen echoed a willingness to act quickly, calling the EU-US relationship “the world’s most consequential” and saying Europe is “ready to advance talks swiftly and decisively.”
The delay offers a brief window to ease transatlantic tensions after Trump’s earlier threats sent markets into a tailspin. (Von der Leyen: EU needs until July 9th to reach trade deal with US)
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