Former U.S. President Donald Trump announced on Sunday that the United States will postpone the enforcement of a proposed 50% tariff on European Union goods, extending the deadline from June 1 to July 9. The delay is intended to allow additional time for ongoing trade negotiations with the bloc.
The tariff, initially announced earlier this year, had raised concerns across European capitals and within U.S. business sectors reliant on transatlantic imports. Trump, who is widely expected to secure the Republican nomination for the 2024 presidential election, indicated that the temporary reprieve is meant to encourage constructive dialogue.
“This delay gives us the breathing room we need to work out a better deal with the EU,” Trump said during a televised interview on Sunday night.
While the Trump campaign has not detailed which EU products would be affected by the sweeping 50% duty, European officials have previously warned that the tariff could severely impact bilateral trade, potentially triggering retaliatory measures.
The Biden administration has not issued an official response, but trade analysts note the delay adds pressure to reach a compromise before July 9, amid rising global economic uncertainty.
Stay tuned to Amnewsworld for updates on this developing story.
