Trump Delays EU Tariffs Until July 9 Amid Ongoing Trade Talks

On May 25, 2025, President Donald Trump announced a delay in imposing a proposed 50% tariff on European Union imports, extending the deadline from June 1 to July 9. This decision followed a request from European Commission President Ursula von der Leyen during a phone call, where she emphasized the need for additional time to negotiate a trade agreement. The announcement led to a positive reaction in financial markets, with European stocks and U.S. futures rising. Despite this temporary reprieve, concerns remain about potential trade tensions if negotiations fail to yield a deal by the new deadline.