Economy

Trump Postpones 50% Tariffs on EU Goods to July 

This decision follows a phone conversation with European Commission President Ursula von der Leyen, who requested additional time to negotiate a trade agreement.

President Donald Trump has delayed the implementation of a proposed 50% tariff on European Union imports until July 9, 2025.

This decision follows a phone conversation with European Commission President Ursula von der Leyen, who requested additional time to negotiate a trade agreement.

The initial announcement of the tariffs had unsettled financial markets, leading to significant declines in major indices. However, the postponement has provided a temporary reprieve, with U.S. stock futures and European equities rebounding.

The EU has expressed a preference for a diplomatic resolution and has proposed a “zero-for-zero” tariff agreement on industrial goods. Nevertheless, the bloc is preparing countermeasures in case negotiations fail.

Also Read: List of African Countries Set to Enjoy UK’s Free Tarrif on Cut Flower Export

The delay offers both sides an opportunity to work towards a mutually beneficial trade agreement and avoid further escalation of trade tensions.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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