Trump hails ‘positive’ step in U.S.-EU trade negotiations as markets hope for a deal

Trump hails ‘positive’ step in U.S.-EU trade negotiations as markets hope for a deal


U.S. President Donald Trump gives a speech, during the commencement ceremony at West Point Military Academy in West Point, New York, U.S., May 24, 2025.

Nathan Howard | Reuters

U.S. President Donald Trump said Tuesday he was monitoring “positive” steps in trade talks with the European Union, after he agreed to delay a 50% tariff on goods from the bloc until July 9.

“I have just been informed that the E.U. has called to quickly establish meeting dates,” Trump wrote in a post on the Truth Social platform.

“This is a positive event, and I hope that they will, FINALLY, like my same demand to China, open up the European Nations for Trade with the United States of America.”

Trump said the EU had been “slow walking” in negotiations with the White House over a trade deal.

The prospect of hefty tariffs on one of the U.S.’s biggest trade partners rattled markets last week, though sentiment turned positive on Tuesday amid hopes of a breakthrough.

EU Commission President Ursula von der Leyen said in a post on X over the weekend that the EU was “ready to advance talks swiftly and decisively.”

European Trade Commissioner Maros Sefcovic said in a post on X on Monday that he had “good calls” with U.S. Commerce Secretary Howard Lutnick and that they would “continue to stay in constant contact.”

This breaking news story will be updated shortly.



Source

CNBC Daily Open: clock ticks on Trump’s Hormuz ultimatum
World

CNBC Daily Open: clock ticks on Trump’s Hormuz ultimatum

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. Benoit Tessier | Reuters Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. I don’t know about you, but […]

Read More
Iran and U.S.-Israel continue to raise the stakes as Strait of Hormuz tensions build
World

Iran and U.S.-Israel continue to raise the stakes as Strait of Hormuz tensions build

U.S. President Donald Trump speaks to the press before departing the White House for Miami on March 20, 2026, in Washington, D.C. Celal Gunes | Anadolu | Getty Images As the war in the Middle East entered its fourth week, Iran has widened its warnings to target buyers of U.S. Treasury bonds, the latest salvo […]

Read More
Bank of Korea’s newly appointed chief pledges ‘balanced’ policy
World

Bank of Korea’s newly appointed chief pledges ‘balanced’ policy

Economic Adviser and Head of Research of the Bank for International Settlements Hyun Song Shin leaves after attending the G20 Finance Ministers, Central Bank Governors and Finance & Central Bank Deputies meetings, at the Mahatma Mandir in Gandhinagar on July 17, 2023. Punit Paranjpe | Afp | Getty Images South Korean economist Shin Hyun-song, best known for […]

Read More