Former US President Donald Trump has extended the 50% tariff deadline on EU imports from June 1 to July 9, 2025, after discussions with European Commission President Ursula von der Leyen.
Market Impact:
- Dow Jones: +417 pts
- S&P 500: +1.1%
- Nasdaq: +1.2%
- Europe’s Stoxx 600: +0.7%
Trump called it a “very nice call”, and both sides agreed to restart serious trade talks.
Von der Leyen:
“We are committed to avoiding a trade war.”
This move offers temporary relief to EU exporters — but global trade tensions remain high.
You May Like Also
Rajasthan Man Kills Woman, Burns Body, Inspired by Drishyam
Reduce age, limit attempts, allow 40-plus into IAS Ex-RBI Governor’s reform call for UPSC
Trump can do anything