Trump delays 50% tariffs on EU to July 9 - CNBC

Trump delays 50% tariffs on EU to July 9 - CNBC

U.S. President Donald Trump has agreed to delay the imposition of a 50% tariff on European goods until July 9, 2025. This extension was announced following a request from Ursula von der Leyen, president of the European Commission, who stated that she needed more time to reach a satisfactory deal [1].

The delay comes amidst ongoing trade negotiations between the U.S. and the EU. Trump initially proposed a 20% tariff on most EU goods, later reducing it to 10% for a 90-day period to facilitate talks. However, Trump has recently expressed frustration with the EU's trade practices, stating that the bloc has been "very difficult to deal with" and that it was formed for the primary purpose of taking advantage of the United States on trade [2].

The extension of the tariff deadline follows Trump's previous threat to impose a 50% tariff on the EU starting June 1, 2025, and a 25% duty on Apple products not manufactured in the U.S. These moves have sparked market reactions, with U.S. stock futures and shares of companies like Apple experiencing significant declines [2].

The EU has not yet commented on the latest developments, but trade experts believe that the bloc will remain calm and continue negotiations. The extension may provide additional time for both sides to reach a mutually beneficial agreement.

References:
[1] https://www.cnbc.com/2025/05/25/trump-50percent-tariffs-eu-july-9.html
[2] https://www.montanarightnow.com/news/state/stocks-sink-trump-threatens-50-tariffs-on-eu-25-tariffs-on-apple/article_fbde5cbb-9d54-5f9c-94b0-80703dceeb0c.html