Overview

• Donald Trump and Ursula von der Leyen agreed to extend the US deadline for imposing 50% tariffs on EU products to July 9, 2025, following a phone discussion.
• The US president initially threatened to impose the tariffs starting June 1, citing stalled trade negotiations with the EU.
• The EU has proposed measures such as zero tariffs on industrial goods and increased purchases of US soybeans and liquefied natural gas to advance negotiations.
• The US has demanded the EU adopt American food safety standards and eliminate digital services taxes as part of the trade agreement.
• Both sides have emphasized the importance of their trade relationship and agreed to accelerate negotiations to reach a fair resolution.