Trump, EU and tariffs
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Trump, Trade Court
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U.S. President Donald Trump said Sunday he will delay 50% tariffs on the European Union until July 9. U.S. stocks dropped Friday on Trump’s tariff threats against the EU, but much less than they did on "Liberation Day.
Trump agrees to extend the proposed 50% EU tariff to July 9, 2025, after a call with European Commission President Ursula von der Leyen. Talks are set to "begin rapidly," he said.
India has reportedly offered the US steep tariff cuts but is seeking to retain high duties on some agricultural commodities, such as food grains and dairy products, according to a report in the FT on Wednesday.
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The European Union is seeking to accelerate trade talks with the US just six weeks before President Donald Trump’s threatened 50% tariffs come into effect.