Trump delays 50% tariffs on EU to July 9

Trump delays 50% tariffs on EU to July 9


President Donald Trump meets with European Commission President Ursula von Der Leyen at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland.

Evan Vucci | AP Photo

President Donald Trump said Sunday that he agreed to an extension on the 50% tariff deadline on the European Union until July 9.

“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,” Trump wrote on Truth Social.

“I agreed to the extension — July 9, 2025 — It was my privilege to do so,” he added.

Trump’s post came after Von der Leyen said that she had a “good call” with Trump, but needed until July 9 to “reach a good deal.”

“The EU and US share the world’s most consequential and close trade relationship,” she wrote on X.

“Europe is ready to advance talks swiftly and decisively,” she continued.

Read more CNBC politics coverage

Trump imposed 20% tariffs on the EU as part of his sweeping “reciprocal tariffs,” before slashing the rate down to 10% for 90 days.

But Trump last week suggested a “straight 50% tariff” on the EU beginning on June 1, saying that the 27-nation bloc “has been very difficult to deal with.”

“Our discussions with them are going nowhere!” Trump wrote Friday on Truth Social.

He later said that he was not planning to strike a deal with the EU before June 1.

“I just said, it’s time that we play the game the way I know how to play the game,” he said during an executive order signing event at the White House.



Source

House budget bill draws Senate GOP pushback: ‘They’re going to explode the debt’
Politics

House budget bill draws Senate GOP pushback: ‘They’re going to explode the debt’

Sen. Ron Johnson, R-Wis., is seen in the U.S. Capitol during a series of votes on Thursday, April 3, 2025.  Tom Williams | CQ-Roll Call, Inc. | Getty Images Sen. Ron Johnson said Sunday that he thinks he has enough GOP colleagues on board with his opposition to the House’s “big, beautiful bill” to stall […]

Read More
House Speaker Johnson downplays deficit concerns as budget bill faces skeptics in Senate
Politics

House Speaker Johnson downplays deficit concerns as budget bill faces skeptics in Senate

U.S. House Speaker Mike Johnson (R-LA) speaks to a reporter, as he leaves for a meeting at the White House on the budget, on the day of the House Rules Committee’s hearing on U.S. President Donald Trump’s plan for extensive tax cuts, on Capitol Hill, in Washington, D.C., U.S., May 21, 2025. Nathan Howard | […]

Read More
Japan PM Ishiba aims to advance US tariff talks; eyes outcome at G7 summit
Politics

Japan PM Ishiba aims to advance US tariff talks; eyes outcome at G7 summit

Japan’s prime minister, Shigeru Ishiba. Bloomberg | Bloomberg | Getty Images Japanese Prime Minister Shigeru Ishiba on Sunday said Tokyo aims to advance tariff talks with the United States, with the goal of achieving an outcome during the Group of Seven summit next month. Japan’s top tariff negotiator Ryosei Akazawa held a third round of […]

Read More