European and US officials are wrestling over a trade deal. President Trump says if there's no agreement by July 9, he'll impose a crushing 50% tariff or import tax on goods coming in from Europe.

The European Union and the United States are heading back to the bargaining table after President Trump reversed course on a 50% tariff on goods from the E.U.

President Trump said the U.S. will delay a threatened 50% tariff on goods from the European Union from June 1 until July 9.