Trump Delays 50% Tariffs On EU Goods Until July 9

CNN reports:

President Donald Trump said Sunday that he has agreed to delay a 50% tariff on European Union imports until July 9, the latest instance of Trump declaring an impending tariff and throwing markets into confusion only to later walk back the threatened levies.

Trump said he and European Commission President Ursula von der Leyen had a “very nice call” that led to the delay.

As recently as Friday, Trump said he was “not looking for a deal” with the EU, and that their tariff rate was set at 50% and would go into effect on June 1. That rate would have come after he had imposed a 20% reciprocal tariff on the EU in April — which itself was also delayed, as were other so-called reciprocal tariffs.

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