Delay imposing a 50-per cent tariff on imports from the European Union (EU) till July 9

President Donald Trump recently said he agreed to delay imposing a 50-per cent tariff on imports from the European Union (EU) till July 9 after receiving a call from European Commission President Ursula von der Leyen.

“It was my privilege to do so,” Trump said on Truth Social.

“The Commission President said that talks will begin rapidly,” he wrote.

“Europe is ready to advance talks swiftly and decisively,” von der Leyen earlier wrote on the social media platform.

The development followed Trump threatening 50-per cent tariffs on goods from the EU as early as June 1. Later, EU trade commissioner Maros Sefcovic had said the bloc is committed to securing a trade deal with the United States based on ‘mutual respect’, not ‘threats’.