Trump will pass a 50 % tax extension to July to encourage further business deals. 

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Donald Trump, the president of the United States, stated on Sunday that the United States would hold off on a 50 % tax on items from the European Union until July 9 to allow for more time for negotiations with the bloc. According to the U.S. government’s retelling, Trump called Ursula von der Leyen, the president of the European Commission, on Sunday after she had called her that day. As he prepared to return to Washington, Trump said to reporters on Sunday in Morristown, New Jersey,” I told everyone that did hear, they have to do that.” Trump vowed to “rapidly get together and see if we can work someone up,” according to Van der Leyen in a social media post on Friday, blaming the 27-member bloc’s business agreements as “very difficult to deal with” and saying that talks were “going nothing.” Beginning on June 1, those levies may have started ingratiating. Currently Trending

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However, at least for the moment, the phone with von der Leyen appeared to ease conflicts. Trump stated on Truth Social soon after speaking with reporters on Sunday night that it was his honor to consent to the expansion on July 9, 2025. Von der Leyen claimed that the EU and the U.S.” share the world’s most significant and adjacent business connection.” She said,” Europe is ready to move forward with the discussions quickly and decisively.” We would have until July 9 to make a great deal, according to record 2025 The Canadian Press.