Trump Grants EU 5-Week Reprieve on Proposed 50% Tariffs as Negotiations Loom
President Donald Trump has agreed to postpone proposed 50% tariffs on European Union imports until July 9, following a personal appeal from European Commission President Ursula von der Leyen, Fox News reports.
The decision delays what could have been a major escalation in transatlantic trade tensions.
Key Details of the Agreement
The original June 1 deadline for implementing sweeping tariffs on EU goods has been pushed back five weeks
Trump announced the extension in a Truth Social post, calling it his “privilege” to grant the request
Von der Leyen committed to rapid negotiations, stating Europe is “ready to advance talks swiftly and decisively”
Background of the Trade Dispute
The threatened tariffs come amid growing U.S. frustration with EU trade practices:
Trump cited a $250 billion annual trade deficit with the EU as justification
Specific grievances include VAT taxes, corporate penalties, and non-tariff barriers
The proposal follows Vice President JD Vance’s recent meetings with EU leaders
What Happens Next?
With the new July 9 deadline approaching:
Negotiating teams from both sides are expected to begin immediate talks
Businesses on both sides of the Atlantic await clarity on potential impacts
The delay provides temporary relief but maintains pressure for a resolution
