Reprieve? Trump Backpedals Somewhat on New Tariff Threats

Source: dpa | Translated by AI 1 min Reading Time

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Donald Trump will postpone the implementation of the new tariffs on imports from the EU, which he had announced ad hoc for early June, by more than a month...

Donald Trump plans to postpone the tariffs threatened for June 1st with regard to the EU until July 9th. The window of time thus created is intended to allow room for negotiations...(Image: AP)
Donald Trump plans to postpone the tariffs threatened for June 1st with regard to the EU until July 9th. The window of time thus created is intended to allow room for negotiations...
(Image: AP)

According to the White House, Donald Trump intends to wait initially in view of new tariffs to allow more room for negotiations. The start of the additional import duties of 50 percent will therefore be postponed to July 9, as emerged from a conversation between Trump and European Commission President Ursula von der Leyen. She assured him that necessary talks would start quickly, Trump wrote on his online platform Truth Social.

Europe is Ready for Talks With the USA

Shortly before Trump's announcement, von der Leyen wrote on the platform X that the European Union and the United States enjoy one of the most important and close trade relationships worldwide. Europe is ready to advance talks quickly and decisively. However, until July 9 is needed for this. The date marks the expiration of an extension set by Trump in April for other tariffs he announced. At that time, he had suspended new tariffs on imports from around the world for 90 days following major turmoil in the stock and financial markets. This time window is now to be used for negotiations. The EU also announced at the time that it would temporarily suspend planned counter-tariffs on US products for three months.

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