A. M. The geopolitical and economic arena has witnessed a new twist in the tense trade relationship between the United States and the European Union. In a decision that has generated an immediate impact on global financial markets, President Donald Trump has announced the postponement of 50% tariffs on European Union products until next july 9, 2025.
This strategic move comes on the heels of a crucial phone conversation with European Commission President Ursula von der Leyen, marking a respite in what was looming as an imminent tariff escalation.
The news, released by Trump through his Truth Social platform, reveals the direct intervention of the European leader in making this determination. “Today I received a call from Ursula von der Leyen requesting an extension of the June 1 deadline on the 50% tariff with respect to trade and the European Union. I have agreed to the extension, july 9, 2025. It has been a privilege for me to do so”, said the President. This extension is especially significant given Trump’s history of fluctuating announcements regarding EU tariffs, which had plunged markets into constant uncertainty.
The measure, although temporary, offers a window of opportunity for both powers to resume trade negotiations which, according to Trump’s previous statements, “were going nowhere”. The decision to postpone the tariffs, which were initially due to take effect on june 1, has been received with relief in various economic sectors, which feared the negative impact of a new trade war. This period until july 9, which coincides with the end of a 90-day suspension of duties implemented by Trump on april 2, will be crucial in defining the future of these relations.
This tariff postponement, therefore, is not only a truce on the trade front with Europe, but also fits into a broader context of readjustments in US economic policy.
