Trump pauses tariffs connected European Union goods
President Trump said Sunday that the U.S. volition hold implementation of a 50% tariff connected goods from the European Union from June 1 until July 9 to bargain clip for negotiations with the bloc.
That statement came aft a telephone Sunday with Ursula von der Leyen, the president of the European Commission, who had told Mr. Trump that she "wants to get down to superior negotiations," according to the president's retelling.
"I told anybody that, they person to bash that," Mr. Trump told reporters connected Sunday successful Morristown, New Jersey, arsenic helium prepared to instrumentality to Washington. Von der Leyen, Mr. Trump said, vowed to "rapidly get unneurotic and spot if we tin enactment thing out."
In a societal media station Friday, Mr. Trump had threatened to enforce the 50% tariff connected EU goods, complaining that the 27-member bloc had been "very hard to woody with" connected commercialized and that negotiations were "going nowhere." Those tariffs would person kicked successful starting June 1.
The announcement, on with threatened tariffs connected Apple products, sent the banal marketplace tumbling Friday.
"Just erstwhile markets believed the worst of the tariff conflict had been overcome, President Trump threatened a 50% tariff against the EU this week, starting connected 1 June, and a imaginable 25% tariff connected iPhones produced abroad. This could each beryllium a negotiating tactic, but the uncertainty caused by this back-and-forth is not bully for planetary maturation oregon markets," Klaus Baader, an expert with SG Securities, told investors successful a report.
But the telephone with von der Leyen appeared to creaseless implicit tensions, astatine slightest for now.
"I agreed to the hold — July 9, 2025 — It was my privilege to bash so," Mr. Trump said connected Truth Social soon aft helium spoke with reporters connected Sunday evening.
For her part, von der Leyen said the EU and the U.S. "share the world's astir consequential and adjacent commercialized relationship."
"Europe is acceptable to beforehand talks swiftly and decisively," she said. "To scope a bully deal, we would request the clip until July 9."
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