President Donald Trump has postponed the implementation of a proposed 50% tariff on European Union imports until July 9, 2025. The decision follows a constructive phone call with European Commission President Ursula von der Leyen, during which both leaders agreed to resume trade negotiations.
The tariff, initially set to take effect on June 1, targets key EU exports such as automobiles and pharmaceuticals. Trump’s administration has expressed concerns over the EU’s trade practices, citing a significant trade deficit and alleged unfair barriers to U.S. goods.
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