President Trump delayed the planned 50% tariffs on European Union goods until July 9 after an allegedly productive call with European Commission chief Ursula Von der Leyen. While the EU negotiators needed more time to strike a deal, it appears even tariffs enjoy an extended vacation.
The decision came after a phone call with European Commission President Ursula von der Leyen.
Trump agrees to extend the proposed 50% EU tariff to July 9, 2025, after a call with European Commission President Ursula von der Leyen. Talks are set to "begin rapidly," he said.
President Donald Trump said on Sunday his tariff policy was aimed at promoting the domestic manufacturing of tanks and technology products, not sneakers and T-shirts.
President Trump announced in a Truth Social post that he was pushing back the imminent June 1 deadline after he had a "very nice talk" on the phone with the President of the European Commission.
The "first sale rule" is a concept in U.S. customs law that allows importers to use the lowest cost of a good to calculate duties.
U.S. futures ticked up in early Asia trade after Trump extended the deadline on the imposition of 50% tariffs on imports from the European Union.
President of the European Commission Ursula Von der Leyen said that she had a "good call" with Trump, but needed until July 9 to "reach a good deal."
Two days after threatening to impose a 50% tariff on imports from the European Union, President Trump on Sunday paused the levies until July and said talks would start "rapidly."Why it matters: The threat of such a large tariff, on more than $600 billion of goods, sent a chill through markets that…
Japan Stocks to Fluctuate as Yen Drops on New EU Tariff Deadline Bloomberg
European Stock Futures Rise as Trump Extends Tariff Deadline Bloomberg.com
Oil Pushes Higher as Trump Extends Tariff Deadline on EU Goods Bloomberg.com
US Equity Futures Gain as Europe Deadline Extended: Markets Wrap Bloomberg.com
Trump Extends Deadline for 50% Tariffs on EU to July 9 Bloomberg
Trump agrees to give EU until July 9 to negotiate a trade deal with the US CNN
permalink / 14 stories from sources in 9 days ago #maga #trump #fiscal-policy
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