Trump Delays EU Tariffs Until July 9th: A Temporary Reprieve in Trade War?

Trump Postpones EU Tariff Deadline to July 9th Following 'Very Nice' Call with Von der Leyen WASHINGTON/BRUSSELS—In a surprising turn of events, US President Donald Trump announced a delay in imposing new tariffs on the European Union. The initial deadline of June 1st has been extended to July 9th, following what Trump described as a "very nice" phone conversation with European Commission President Ursula von der Leyen. The 50% tariff threat, which sent shockwaves through global markets last Friday, is now on hold. "We had a very nice call and I agreed to move it," Trump stated in a brief press appearance. "I believe July 9th would be the date." Von der Leyen echoed the sentiment in a social media post, stating, "Good call with @POTUS. The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively." She also indicated that to reach a good deal, more time is needed. The Irish government, meanwhile, has expressed a measured response, emphasizing the need for a calm and methodical approach to trade negotiations. One government official commented, "We entered this very much as Team Europe. Ireland does support a European response, but one thing that's really important, we don't need to overreact to every iteration or indeed social media posts from the US administration." The temporary reprieve has been met with cautious optimism by economists, who are closely monitoring the situation. While the delay offers relief, the underlying trade tensions remain a concern. The potential for long-term impacts on global trade remains a significant factor.