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EU gets time till July 9 as Trump delays 50% tariff threat

  • EU gets extension until July 9 as Trump postpones 50% tariff threat following a call with Ursula von der Leyen, President of the European Commission.
  • Trump stated that von der Leyen expressed interest in serious negotiations, leading to the agreement of extending the deadline.
  • Previously, Trump had threatened to impose a 50% tariff on EU goods and 25% penalties on Apple, citing difficulty in trade negotiations with the EU.
  • The EU and US aim to swiftly progress talks and reach a beneficial agreement by July 9 to promote close trade relations.

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