Trump extends deadline for 50% tariffs on EU to July 9

Jennifer A. Dlouhy

Bloomberg

<p>President Donald Trump said he would extend the deadline for the European Union to face 50% tariffs until July 9 after a phone call with European Commission President Ursula von der Leyen.&nbsp;</p><div class="paywall-selector"></div><div class="paywall">



<p>“We had a very nice call and I agreed to move it,” Trump told reporters Sunday on his way back to Washington.</p>



<p>Von der Leyen said earlier Sunday in a post on <a href="https://fortune.com/company/twitter/" target="_blank">X</a> that “Europe is ready to advance talks swiftly and decisively,” but “a good deal” will need “time until July 9.” That’s the date that Trump’s 90-day pause of his so-called reciprocal tariffs had been set to end.&nbsp;</p>



<p>The EU had been slated for a 20% tariff under those reciprocal rates announced in April.&nbsp;</p>



<p>But Trump on Friday threatened to impose a higher, 50% tariff on the EU after complaining the bloc was slow-walking negotiations and unfairly targeting US companies with lawsuits and regulations.&nbsp;</p>



<p>Read More:&nbsp;<a href="https://www.bloomberg.com/news/articles/2025-05-23/trump-threatens-a-50-tariff-on-eu-goods-starting-in-june" target="_blank" rel="noreferrer noopener">Trump Threatens EU, Smartphones as Tariff Rhetoric Escalates</a></p>



<p>The EU last week shared a revived trade proposal with the US in a bid to boost talks, and the bloc’s trade chief, Maros Sefcovic, held a call with his US counterpart, Jamieson Greer, on Friday.</p>



<p>Trump’s latest tariff threat would hit $321 billion worth of US-EU goods trade, lowering US gross domestic product by close to 0.6% and boosting prices by more than 0.3%, according to Bloomberg Economics calculations.</p></div>

Trump on Friday threatened to impose a 50% tariff on the EU after complaining the bloc was slow-walking negotiations.

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F-Wire

Tariffs and trade

Politics

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