May 28, 2025
Source: drugdu
69
According to a news flash from Xinhua News Agency, US President Trump said on the 25th that he agreed to extend the deadline for imposing a 50% tariff on EU goods to July 9.
It is reported that the United States had previously proposed a new "reciprocal tariff" measure in April, wielding the tariff stick at several major trading partners including the European Union, but it also gave a 90-day "deferment period", which was originally due to end on July 9.
However, on May 23rd local time, Trump announced that due to the slow progress of the EU in negotiations and its unfair targeting of US companies through litigation and regulatory means, he would impose a 50% tariff on EU goods from June 1st. This news instantly caused widespread shock in the market, and all parties paid attention to the subsequent development of the situation.
Just when the situation seemed to be escalating, there was a turn for the better.
On May 25, local time, European Commission President Ursula von der Leyen took the initiative to contact Trump and the two sides had a telephone conversation. After the call, Trump announced that he agreed to extend the deadline for imposing a 50% tariff on EU goods to July 9.
Previously, after Trump announced the tariffs on May 23, U.S. stock index futures fell in the short term, and major European stock indexes fell 2% on the same day. The postponement decision has undoubtedly pressed the "easing button" for market tensions, helping to stabilize expectations in U.S. and European stock markets and global financial markets, and prevent panic from spreading further.
https://news.yaozh.com/archive/45528.html
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