Trump delays 50% tariff to the European Union

President Donald Trump's endangered tariffs in the European Union nations were delayed on Sunday after the president said he had a call to Ursula von der Leyen, the President of the European Commission.

Trump's European Union's tariffs were delayed

Timetable:

The 50% tariff for EU Goose would have started at the beginning of June, but Trump said his agreement with an extension was the new date on July 9, 2025.

According to the numbers:

When implemented, A 50% tariff Would be higher than the 30% tariff in China, which was recently shortened this month so that Washington and Beijing could hold negotiations.

What you say:

Trump card Posted by the truth social Sunday evening, it was his “privilege” to have agreed to extend and said that the Leyen said her talks would start quickly.

From the Leyen previously posted on X that she had a “good call” with Trump.

“The EU and the United States share the most consequent and closest trade relationship in the world. Europe is ready to promote the conversations quickly and determined. To achieve good business, we need the time until July 9th.” Your contribution read.

The background story:

Last week Trump said on social media that the trade talks with the nations of the European Union “now nowhere” came into force on June 1st.

He said the 27-member block was “very difficult to cope with”.

Read more: Trump calls for 50% tariff for EU imports from June 1st

The EU has proposed to reduce the tariffs to zero, even since the president has publicly insisted on receiving a property tax of 10% for most imports.

Grab deeper:

The core of Trump's argument against the EU is that America operates a “completely unacceptable” trade deficit with the 27 Member States. Countries carry out trade deficits if they import more goods than export.

RELATED: Trump says Walmart: “Eat the tariffs”

Which tariffs are currently available?

Big Picture View:

The following is a general overview of Trump's tariffs Currently available at the time of publication:

• 30% tariffs in China for a period of 90 days, compared to 145%
• Up to 25% tariffs in Mexico and Canada
• Universal basic tariff of 10% in most countries, while Trump will work with different countries in the coming weeks
• Trump has also laid various import taxes on cars, steel and aluminum and plans this on pharmaceutical medicines, among other things

In the meantime:

Trump assures skeptical Americans that foreign producers, retailers or car manufacturers absorb the additional expenses that come from tariffs.

A number of companies, including Toy manufacturer MattelThe toolmaker Stanley Black & Decker and Consumer Products Giant Procter & Gamble have already announced higher prices or plans to increase prices.

Why should you take care of it:

Economic analyzes are deeply skeptical about claims that tariffs will have no effects American consumer pricesAnd warned that the tariffs would make inflation worse.

RELATED: Fed dates and tariffs: why interest is unchanged again and what it means for them

TariffSeconomyworlddonald J. Trump