President Donald Trump said that he would extend the period for the European Union by 50% tariffs by July 9 after a call with the President of the European Commission, Ursula von der Leyen.
“We had a very nice call and I agreed to move it,” Trump said on Sunday on the way back to Washington.
Von der Leyen said von von von von von. X The “Europe is ready to find the conversations quickly and determined”, but “good business” needs “time until July 9”. This is the date on which Trump’s 90-day break of his so-called mutual tariffs had to the end.
The EU was planned for a tariff of 20% among these current tariffs announced in April.
However, Trump threatened on Friday that the EU was lifting the block negotiations and negotiations with slow walking and against US companies with complaints and regulations on Friday.
Read more:Trump threatens EU, smartphones escalated as tariff hetorics
The EU shared a revived trade proposal with the USA last week to increase the talks, and the block head of the block, Maros Sefcovic, held a call to his US office colleague Jamieson Greer on Friday.
Trump’s most recent tariff threat would achieve the US-EU goods trade worth $ 321 billion, reduce gross domestic product in the United States by almost 0.6% and, according to Bloomberg Economics calculations, increase the prices by more than 0.3%.
This story was originally on Fortune.com