President Donald Trump announced on Sunday that he has agreed to extend the deadline for the 50% tariff on the European Union until July 9, 2025. In a post on Truth Social, Trump revealed, "I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline regarding the 50% tariff related to trade with the European Union. I agreed to the extension — July 9, 2025 — It was my privilege to do so."
This extension follows a call between Trump and Von der Leyen, during which she expressed the need for more time to negotiate a favorable deal. In a post on X, Von der Leyen stated, "I had a good call with Trump, but needed until July 9 to reach a good deal. The EU and US share the world's most consequential and close trade relationship." She further emphasized that Europe is prepared to advance negotiations "swiftly and decisively."
The announcement of the extension comes on the heels of Trump's previous remarks, in which he proposed implementing a straight 50% tariff on the EU, citing challenges in negotiations. "Our discussions with them are going nowhere!" he wrote on Truth Social last Friday. Trump had also indicated that he did not plan to finalize any agreements with the EU before the original June 1 deadline, when the steep tariffs were initially set to take effect.
This development highlights the ongoing complexities of US-EU trade relations and the significant economic implications of tariff policies. As discussions continue, both parties appear committed to finding a mutually beneficial solution that could reshape their trading dynamic.
