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Trump delays 50% tariffs on EU to July 9

President Donald Trump meets with European Commission President Ursula von Der Leyen at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland.

Evan Vucci | AP Photo

President Donald Trump said Sunday that he agreed to an extension on the 50% tariff deadline on the European Union until July 9.

“I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union,” Trump

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on Truth Social.

“I agreed to the extension — July 9, 2025 — It was my privilege to do so,” he added.

Trump’s post came after Von der Leyen said that she had a “good call” with Trump, but needed until July 9 to “reach a good deal.”

“The EU and US share the world’s most consequential and close trade relationship,” she

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on X.

“Europe is ready to advance talks swiftly and decisively,” she continued.

Read more CNBC politics coverage

Trump imposed 20% tariffs on the EU as part of his sweeping “reciprocal tariffs,” but slashed the rate down to 10% for 90 days.

But Trump last week suggested a “straight 50% tariff” on the EU, saying that the 27-nation bloc “has been very difficult to deal with.”

“Our discussions with them are going nowhere!” Trump

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Friday on Truth Social.

He later said that he was not planning to strike a deal with the EU before June 1, when the steep tariffs were initially set to go into effect.

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