Trump extends 50% EU tariff deadline to July 9
By: Swapna Venugopal Ramaswamy
USA Today
..... President Donald Trump announced that he is extending the deadline for a 50% tariff on the European Until July 9, [2025] a measure he had earlier said would go into effect on June 1. [2025]
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"I received a call today [05/23/2025] form Ursula von de Leyen, President of the European Commission, requesting an extension on the June 1st [2025] deadline on the 50% tariff with respect to Trade and the European Union," Trump posted on Truth Social on May 25, [2025] adding that vonder Leyon said "talks would begin rapidly."
..... In a post on X, von de Leven described the conversation with Trump as a "good call."
..... "The EU and US share the world's most consequential and close trade relationship," von deer Leyen added. "Europe is ready to advance talks swiftly and decisively. to reach a good deal, we would need the time until July 9." [2025]
..... Trump's announcement comes just two days after he threatened the EU with a 50% tariff after having paused reciprocal tariffs on it and other nations in April. [2025]
..... "The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with," Trump said in a social media post on May 23, [2025] a resumption of his threats after pausing reciprocal tariffs on the EU and other nations in April. "Our discussions with them are going nowhere!" the president added.
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Trump proposed 50% tariffs on European Union goods would hit roughly $6.6 billion in imported products. that's the value of goods exported to the U.S. from the European Union in 2024, according to the Office of the United States Trade Representative.
..... The United States is the EU's largest trading partner, purchasing 21% of its exports, according to EU data.
..... The top EU export to the United States is pharmaceuticals. Other leading Eu exports include cars and other vehicles, aircraft, engines and motors, other machinery, petroleum oils, and alcoholic beverages, according to the EU.
..... Trump on April 3 [2025] announced global "Liberation Day" reciprocal tariffs, sending the world's financial markets into a nosedive before pausing the tariffs for 90 days for most countries except China. The Trump administration has been negotiating trade deals with various countries since April. [2025]
..... Contributing: Zac Anderson, USA Today