🚛Trump Gives EU Six-Week Reprieve on 50 % Tariff Threat

Trade
International Economics

On May 25 Trump postponed his promised 50 percent tariff on EU goods until July 9 after a call with Commission President Ursula von der Leyen, keeping the current 10 percent rate while talks continue.

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Why This Matters

Your Wallet:

Avoids an instant price spike on autos, wine and machinery.

Your Job:

Auto-supply-chain workers still face uncertainty if talks fail.

Your Leverage:

Extension underscores Trump’s “tariff brinkmanship” strategy first used on Mexico and China.

Your Markets:

EU stocks rebounded 2 % on the news, showing volatility tied to trade tweets.

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