ANI
26 May 2025, 10:33 GMT+10
Washington DC [US], May 26 (ANI): Following US President Donald Trump's proposal for a 50% tariff on all imports from the European Union, effective June 1, he announced an extension of the deadline after a conversation with Ursula von der Leyen, President of the European Commission.
Trump said he had agreed to extend the tariff deadline to July 9 and noted that discussions between both parties would begin rapidly.
Sharing a post on the social media platform Truth Social, Trump wrote, '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. I agreed to the extension -- July 9, 2025 -- It was my privilege to do so. The Commission President said that talks will begin rapidly. Thank you for your attention to this matter!'
Following President Trump's decision to extend the deadline for the proposed 50% tariff on European Union imports, von der Leyen expressed her gratitude for the extension. She highlighted the EU and the US's close trade relationship, stating that Europe is ready to engage in swift and decisive talks to reach a good deal.
Sharing a post on X, von der Leyen wrote, 'Good call with @POTUS. The EU and the US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9.'
https://x.com/vonderleyen/status/1926729529436913794
A few days ago, Trump had accused the EU of taking advantage of the United States through what he described as 'powerful trade barriers.'
Sharing a post on Truth Social, Trump wrote, 'The European Union, which was formed for the primary purpose of taking advantage of the United States on trade, has been very difficult to deal with. Their powerful Trade Barriers, VAT taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American companies, and more, have led to a Trade Deficit with the US of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere.'
He added, 'Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter.' (ANI)
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More InformationWashington DC [US], May 26 (ANI): Following US President Donald Trump's proposal for a 50% tariff on all imports from the European...
New Delhi [India], May 26 (ANI): BJP leader Nishikant Dubey on Monday shared a declassified 1963 telegram from the U.S. State Department,...
New Delhi [India], May 26 (ANI): External Affairs Minister S Jaishankar spoke with his Canadian counterpart, Anita Anand, about the...
Hong Kong, May 26 (ANI): The leaders of China and Russia met in person yet again on 8 May, as Chairman Xi Jinping visited Russia for...
US President Donald Trump said progress has been made in nuclear talks with Iran and suggested that something good could be announced...
(Photo credit: Marc Lebryk-Imagn Images) Alex Palou passed Marcus Ericsson with fewer than 15 laps to go and then hung on with enough...
WASHINGTON, D.C.: The U.S. Army plans to change the records of transgender soldiers to list only their sex at birth, according to a...
WASHINGTON, D.C.: The Federal Aviation Administration (FAA) said this week that it will require airlines to reduce the number of flights...
GAZA - The home of a doctor working in the emergency room at the Nasser Medical Complex in southern Gaza was struck by Israel Air...
ORLANDO, Florida: For years, Universal Orlando played second fiddle to Disney's sprawling empire in Central Florida. Now, with the...
WASHINGTON, D.C.: The U.S. Transportation Department is expected to say that fuel economy rules created under President Joe Biden went...
WASHINGTON, D.C.: The U.S. Justice Department is investigating Andrew Cuomo, the former governor of New York and a top candidate for...