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The Wall Street Publication > Blog > Markets > Trump grants EU tariff extension after ‘good name’ with Ursula von der Leyen
Markets

Trump grants EU tariff extension after ‘good name’ with Ursula von der Leyen

Editorial Board Published May 26, 2025
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Trump grants EU tariff extension after ‘good name’ with Ursula von der Leyen
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President Donald Trump takes questions from reporters on the tarmac in Morristown, New Jersey.

President Donald Trump has agreed to a request for an extension on a proposed 50% tariff on imports from the European Union, which he initially threatened would go into impact on June 1.

In a Reality Social publish on Sunday, Trump mentioned he acquired a name from European Fee President Ursula Von der Leyen requesting an extension on the June 1 tariff hike.

“I agreed to the extension — July 9, 2025 — It was my privilege to do so,” Trump wrote. “The Commission President said that talks will begin rapidly. Thank you for your attention to this matter!”

TRUMP PUSHES BACK: PROPOSED 50% TARIFF ON EU SET TO START JUNE 1

President Donald Trump mentioned he agreed to a request for an extension on a proposed 50% tariff on imports from the European Union. (SAUL LOEB/AFP by way of Getty Photos / Getty Photos)

Whereas talking to reporters on Sunday at Morristown Municipal Airport in New Jersey, Trump mentioned von der Leyen known as him and mentioned she needs to have a “serious negotiation.”

“July 9th was the date she requested. … And I agreed to do that,” Trump mentioned. “[von der Leyen] said we will rapidly get together and see if we can work something out.”

SCOTT BESSENT SAYS TRUMP WANTS TO ‘LIGHT A FIRE’ UNDER APPLE, EU WITH NEW TARIFF THREATS

Von der Leyen additionally took to X to say she had a “good call” with Trump and that Europe is “ready to advance talks swiftly and decisively.”

European Commission President Ursula Von der Leyen

European Fee President Ursula Von der Leyen mentioned she had a “good call” with President Trump. (Reuters / Reuters)

On Friday, Trump threatened to impose a 50% tariff on imports from the European Union amid ongoing commerce negotiations.

“Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable,” Trump mentioned. “…Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”

MUSK SAYS HE HOPES FOR ‘ZERO TARIFFS,’ FREEDOM OF TRADE ZONE BETWEEN US AND EUROPE

The EU tariff menace got here after Vice President JD Vance met with von der Leyen and Italian Prime Minister Giorgia Meloni on Might 18. 

ETF buyers take ‘man of steel’ view, inflows on tempo for file 12 months

Trump threatened to impose a 50% tariff on imports from the European Union. (Reuters/Johanna Geron/File Photograph / Reuters Pictures)

Earlier this week, U.S. Treasury Secretary Scott Bessent mentioned President Donald Trump is making an attempt to “light a fire” underneath the European Union.

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