Trump agrees to extend the proposed 50% EU tariff to July 9, 2025, after a call with European Commission President Ursula von der Leyen. Talks are set to "begin rapidly," he said.

U.S. President Donald Trump said Sunday he will delay 50% tariffs on the European Union until July 9. U.S. stocks dropped Friday on Trump’s tariff threats against the EU, but much less than they did on "Liberation Day.

The extension offers the EU a reprieve, after President Trump threatened a 50% tariff that was set to take effect on June 1.

Stephanie Ruhle says Trump's reversal on E.U. tariffs is just the latest example of what financial experts have dubbed the 'TACO' theory on trade.

India has reportedly offered the US steep tariff cuts but is seeking to retain high duties on some agricultural commodities, such as food grains and dairy products, according to a report in the FT on Wednesday.

President Donald Trump pulled back from threatening a larger trade war with Europe, again. On May 23, Trump said he would impose a 50% tariff on the EU starting on June 1. He later told reporters he felt no need to cut a deal.

The European Union is seeking to accelerate trade talks with the US just six weeks before President Donald Trump’s threatened 50% tariffs come into effect.

The European Union has agreed to fast-track trade talks with the US in a bid to avoid President Trump's 50% tariffs — which, in an about-face, he announced would be delayed until July 9. On Tuesday, a Bloomberg report said that the EU's trade chief,