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Trump says he'll delay 50% tariff on the EU

  • businessinsider.com language
  • 2025-05-26 06:38 event
  • 2 weeks ago schedule
Trump says he'll delay 50% tariff on the EU
European Commission President Ursula Von der Leyen said on X that she had a "good call" with President Donald Trump.

Donald Trump
For now, President Donald Trump is backing off on higher levies for the EU.
  • Trump said Sunday he'll delay a 50% tariff on EU goods until July.
  • European Commission President Ursula von der Leyen said she had a "good call" with Trump.
  • The US still has a baseline 10% tariff on the EU.

President Donald Trump said on Sunday that he agreed to extend the deadline for a 50% tariff on the EU from June 1 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," he said on his Truth Social platform. "I agreed to the extension — July 9, 2025 — It was my privilege to do so."

"The Commission President said that talks will begin rapidly," he added.

Earlier on Sunday, Von der Leyen said on X that she had a "good call" with Trump.

"The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively," she wrote.

In April, Trump imposed 20% tariffs on the EU before issuing a 90-day pause and lowering the levy to 10%. However, Trump recently floated a 50% tariff for the EU, calling the 27-member group of nations "very difficult to deal with."

The Trump administration recently forged a trade agreement with the United Kingdom and is working on a trade pact with China, which has had the most tumultuous trade relationship with the United States since the beginning of Trump's second term.

Read the original article on Business Insider

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