President Trump said on Sunday that he would delay imposing a 50 percent tariff on all imports from the European Union until July 9 to allow more time for trade negotiations.
In a post on Truth Social, Mr. Trump said that he had spoken to Ursula von der Leyen, president of the European Commission, about his recent threat to enact the tariffs on June 1 if a trade deal could not be reached in the next week. Mr. Trump has expressed frustration over negotiations with the E.U., saying that the union has been slow to offer trade concessions during a 90-day window to reach a deal that satisfies the administration.
“The Commission President said that talks will begin rapidly,” Mr. Trump wrote. The European Commission is the executive arm of the European Union.
Ms. von der Leyen, in a separate social media post on Sunday, said that she had a “good call” with Mr. Trump and had conveyed to the president that the E.U. needed extra time to reach a trade deal. She said that talks would advance “swiftly and decisively.”
“The E.U. and the U.S. share the world’s most consequential and close trade relationship,” she wrote.
Alan Rappeport is an economic policy reporter for The Times, based in Washington. He covers the Treasury Department and writes about taxes, trade and fiscal matters.
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