Tuesday, October 28, 2025

Trump Pats Himself With EU Tariffs Delay

President Donald Trump announced that he has agreed to postpone the threatened 50% tariff on EU—originally set to take effect June 1—until July 9, 2025, following a late-week call with European Commission President Ursula von der Leyen.

The delay “buys time for serious negotiations,” Trump told reporters.

In his recounting of the call, Trump emphasized that von der Leyen “vowed to rapidly get together and see if we can work something out,” a commitment he touted as the catalyst for granting the extension.

“I agreed to the extension—July 9, 2025—it was my privilege to do so,” he added in a Truth Social post, underscoring his insistence that the EU “have to do that” if it wished to avoid punitive measures.

Von der Leyen, in her own social media statement, framed the postponement as a mutual opportunity “to reach a good deal.”

“The EU and US share the world’s most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively.”


Information for this story was found via The Associated Press and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

Doug Ford Vows to Axe American Booze from LCBO Shelves in Retaliation to Tariffs

Ontario Premier Doug Ford has issued a stern warning to the Liquor Control Board of...

Tuesday, January 21, 2025, 10:49:00 AM

Teck Mining Pivots to Asian Markets as Trump Tariffs Hit Canadian Exports

Canadian mining company Teck (NYSE: TECK) is preparing to shift its zinc exports from the...

Thursday, March 6, 2025, 12:55:00 PM

US-Japan Deal Reached With A Lower 15% Trump Tariff

Japan has a trade deal with US, at least according to President Donald Trump after...

Wednesday, July 23, 2025, 12:12:00 PM

Trump Targets “Very Substantial” Tariff Hike For India Over Russian Oil Ties

President Donald Trump said he will raise the tariff on Indian goods “very substantially” within...

Tuesday, August 5, 2025, 10:45:00 AM

Trump Wants To Abolish Income Tax, Shifts Federal Revenue Source From Tariffs Instead

US President Donald Trump has called on Congress to abolish federal income tax and have the country...

Tuesday, January 28, 2025, 12:10:00 PM