The President of the United States Donald Trump has postponed the imposition of a 50% fee on all imports from the EU in July. The measure was initially scheduled for June 1st, with Trump who mentions the frustration for the progress blocked in business negotiations with the block of 27 nations.
However, Trump mentioned it was a “privilege” to grant the extension after a cellphone name with the president of the European Commission Ursula von der Leyen through the weekend, in a publish Social truth. von der Leyen mentioned that “Europe is able to advance the talks rapidly and decidedly”, in a X post “To attain a very good deal, we would wish time till July 9,” he wrote.
The menace of expanded charges has turned on a fireplace pursuant to the EU, with the negotiations now destined to focus solely on the vital sectors to hurry up the method, in keeping with Bloomberg. Maroš Šefčovič, European commissioner for commerce, will conduct precedence interviews in semiconductors, vehicles, pharmaceutical merchandise and aluminum.
Washington and Brussels have negotiated a business settlement for the reason that starting of April, when Trump has suspended his “mutual” fee of 20% on the EU, along with those that have focused different nations with which the United States share a business deficit. The subsequent day, the EU suspended his Seamation rates 25% intention for € 21 billion of US items.
However, on May 23, Trump mentioned that the EU “It was very difficult to face” And that “discussions with them will not be going anyplace”, earlier than saying its plans for the 50percentrate. According to the Financial timesUS negotiators are searching for unilateral tariff reductions on American items that enter the EU market.
Sources instructed Bloomberg That the EU wish to conclude a mutually advantageous settlement with the United States, however officers are unsure about the truth that Trump shares the identical targets. They additionally underlined their American counterparties that the 2 economies are deeply intertwined and that reaching an settlement ought to be a shared precedence.
The temporal sequence of the US-EU business conflict: how we’ve reached the delay
Trump threatened the EU with charges even earlier than his second inauguration, questioning his business surplus in vehicles, agriculture, oil and gasoline, however the battle was appropriately began in March of this yr.
- 12 March 2025: The expanded charges of the United States on metal and aluminum imports have entered into drive, each set at 25%. On the identical day, the EU threatened countermeasures aimed toward alcohol and different industrial and agricultural merchandise from the United States.
- March 13, 2025: The President of the United States reacted by threatening the 200% charges on the EU alcohol in a issued declaration through social media.
- March 20, 2025: The EU dropped its alcoholic charges and postponed the others till mid -April.
- March 27, 2025: The United States imposed a 25% fee on imports of worldwide vehicles, a transfer that has influenced Germany in a disproportionate method, the biggest automotive exporter on the earth.
- April 2, 2025: President Trump has introduced massive “mutual charges”, which included a 20% fee on all imports from the EU.
- April 9, 2025: The EU has ready the 25% retaliation charges aimed toward belongings of € 21 billion in US items, which took impact on April 15. President Trump has introduced a 90 -day suspension of mutual charges, quickly halving the 20% fee on EU imports to 10%.
- April 10, 2025: Theme suspends its countermeasure plans for 90 days, with the hope of negotiating a business settlement through the break.
- May 8, 2025: The EU gives a listing of US merchandise for a price of 95 billion euros that would face the charges if the interviews fail, together with vehicles, plane, electrical gear, alcohol, fish and chemical compounds.
- Mid-May 2025: Washington and Brussels ship and refuse mutual business proposals.
- 23 May 2025: Trump broadcasts plans to use the 50% fee on all imports from the EU from 1 June.
- May 25, 2025: Trump extends the date on which the 50% fee will enter into drive on 9 July.
During the present negotiation interval, Trump confirmed that he’ll restore mutual charges on semiconductors and pharmaceutical merchandise and threatened additional charges on sectors such because the movie trade. Several EU Member States urged the Commission to take revenge in the event that they worthy.
Last week, the EU shared a business proposal with Washington, suggesting the gradual elimination of charges on chosen agricultural and industrial items, along with mutual investments and provide plans in synthetic intelligence, digital connectivity and different strategic sectors.
The United States have introduced collectively each with the United Kingdom and in China this month, suggesting that Trump is open to compromise. However, in keeping with Bloomberg, the EU has no intention of accepting phrases just like these agreed with different international locations.
