US President Donald Trump announced on delaying the introduction of 50% tariffs on all imports from the European Union until July to allow additional time for trade negotiations.
On May 23, Trump warned about the possible introduction of increased tariffs against the EU already in June. However, after a conversation with the head of the European Commission, Ursula von der Leyen, he agreed to give the EU until July 9 to reach a trade agreement with the US.
“Today I received a call from Ursula von der Leyen, the president of the European Commission, with a request to postpone the deadline – June 1 – for the 50% tariff on trade with the European Union. I agreed to the postponement – until July 9, 2025 – and it was an honor for me to do so. The president of the commission informed that the negotiations will begin promptly,” – said the US president.
At the same time, the head of the European Commission, Ursula von der Leyen confirmed the fact of the conversation with Trump and noted that the European Union needs additional time to conclude a trade agreement. She stressed that the negotiations will take place “quickly and decisively”.
“The EU and the US have the most important and close trade relationship in the world. We will need until July 9 to reach a good deal,” – emphasized von der Leyen.
