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Trump shares major update after threatening to impose 50% tariffs on EU

President Donald Trump has agreed to a request for an extension on a proposed 50% tariff on imports from the European Union, which he initially threatened would go into effect on June 1.

In a Truth Social post on Sunday, Trump said he received a call from European Commission President Ursula Von der Leyen requesting an extension on the June 1 tariff hike.

"I agreed to the extension — July 9, 2025 — It was my privilege to do so," Trump wrote. "The Commission President said that talks will begin rapidly. Thank you for your attention to this matter!"

TRUMP PUSHES BACK: PROPOSED 50% TARIFF ON EU SET TO START JUNE 1

 

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President Donald Trump said he agreed to a request for an extension on a proposed 50% tariff on imports from the European Union. (SAUL LOEB/AFP via Getty Images / Getty Images)

 

While speaking to reporters on Sunday at Morristown Municipal Airport in New Jersey, Trump said von der Leyen called him and said she wants to have a "serious negotiation."

"July 9th was the date she requested. … And I agreed to do that," Trump said. "[von der Leyen] said we will rapidly get together and see if we can work something out."

SCOTT BESSENT SAYS TRUMP WANTS TO 'LIGHT A FIRE' UNDER APPLE, EU WITH NEW TARIFF THREATS

Von der Leyen also took to X to say she had a "good call" with Trump and that Europe is "ready to advance talks swiftly and decisively."

 

European Commission President Ursula Von der Leyen
European Commission President Ursula Von der Leyen said she had a "good call" with President Trump. (Reuters / Reuters)

 

On Friday, Trump threatened to impose a 50% tariff on imports from the European Unionamid ongoing trade negotiations.

"Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable," Trump said. "…Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025."

MUSK SAYS HE HOPES FOR 'ZERO TARIFFS,' FREEDOM OF TRADE ZONE BETWEEN US AND EUROPE

The EU tariff threat came after Vice President JD Vance met with von der Leyen and Italian Prime Minister Giorgia Meloni on May 18. 

 

European Union flags fly outside the European Commission headquarters in Brussels, Belgium.
Trump threatened to impose a 50% tariff on imports from the European Union. (Reuters/Johanna Geron/File Photo / Reuters Photos)

 

Earlier this week, U.S. Treasury Secretary Scott Bessent said President Donald Trump is trying to "light a fire" under the European Union.

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"I would hope that this would light a fire under the EU, because... I've said before, [the] EU has a collective action problem here,"  Bessent said on "America's Newsroom". "It's 27 countries, but they're being represented by this one group in Brussels. So some of the feedback that I've been getting is that the underlying countries don't even know what the EU is negotiating on their behalf."

Author: Sophia Compton, FOXBusiness

Source: Fox Business

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