Trump Delays Mega Tariffs After Call from EU President Von der Leyen

brussels - President Trump postpones threat of 50% import tariff on EU goods after phone conversation with EU President Von der Leyen, extending negotiation deadline to July 9.

Trump Delays Mega Tariffs After Call from EU President Von der Leyen

President Donald Trump's threat to impose a 50% import tariff on European Union goods has been put on hold until July 9 following a phone call with EU President Von der Leyen.

Stalled Negotiations

Trump's tariff threat came in the midst of ongoing discussions between Brussels and Washington over a potential trade deal. The EU aims to eliminate tariffs and increase liquefied natural gas purchases, but Trump remains unsatisfied.

Key Points of Contention

The negotiations have hit roadblocks as Trump demands more than just trade tariff commitments. He is also concerned about European VAT rates and EU regulations affecting American tech giants.

Trump's imposition of import tariffs on EU products has already caused significant damage to transatlantic trade, with tariffs on steel, aluminum, cars, and auto parts. Despite the strained relationship, the EU holds off on retaliatory measures to avoid further disrupting negotiations.

Looking for Alternatives

In response to the uncertain trade environment with the US, the EU is actively seeking alternative trade partnerships. Recent agreements with the UK, South American countries, ongoing talks with India, and trade missions to countries like Japan demonstrate the EU's diversification efforts.