President Donald Trump meets with European Fee President Ursula von Der Leyen on the World Financial Discussion board, Tuesday, Jan. 21, 2020, in Davos, Switzerland.
Evan Vucci | AP Picture
President Donald Trump stated Sunday that he agreed to an extension on the 50% tariff deadline on the European Union till July 9.
“I acquired a name at the moment from Ursula von der Leyen, President of the European Fee, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Commerce and the European Union,” Trump wrote on Fact Social.
“I agreed to the extension — July 9, 2025 — It was my privilege to take action,” he added.
Trump’s put up got here after Von der Leyen stated that she had a “good name” with Trump, however wanted till July 9 to “attain a great deal.”
“The EU and US share the world’s most consequential and shut commerce relationship,” she wrote on X.
“Europe is able to advance talks swiftly and decisively,” she continued.
Trump imposed 20% tariffs on the EU as a part of his sweeping “reciprocal tariffs,” earlier than slashing the speed down to 10% for 90 days on April 9.
However Trump final week urged a “straight 50% tariff” on the EU starting on June 1, saying that the 27-nation bloc “has been very troublesome to cope with.”
“Our discussions with them are going nowhere!” Trump wrote Friday on Fact Social.
He later stated that he was not planning to strike a cope with the EU earlier than June 1.
“I simply stated, it is time that we play the sport the best way I understand how to play the sport,” he stated throughout an government order signing occasion on the White Home.
