President Trump Extends EU Tariff Negotiation Deadline to July 9
President Donald Trump has officially extended the deadline for ongoing trade negotiations with the European Union to July 9, following what he described as a “good call” with European Commission President Ursula von der Leyen.
The move comes just days after Trump expressed frustration over the slow pace of talks, threatening to raise tariffs on all EU goods to 50% by June 1. Previously, Trump had imposed a 20% tariff on most EU imports, later cutting it in half to 10% to allow room for negotiation.
Speaking at the White House, Trump said Von der Leyen assured him that the EU would “rapidly get together” to finalize a trade deal. “It’s my privilege to extend the deadline,” Trump wrote on Truth Social following the conversation.
EU Committed to “Swift” Deal
Von der Leyen confirmed the bloc’s readiness to move quickly, stating that the EU needed until July 9 to secure what she called a “good deal.” EU Trade Chief Maroš Šefčovič echoed this sentiment, stressing that Europe remains fully committed to a fair agreement and would continue to defend its interests.
“Our trade partnership with the U.S. is unmatched,” Šefčovič said after speaking with U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick. “It must be guided by mutual respect—not threats.”
While negotiations continue, several tariffs remain active. Notably, a 25% duty on EU steel and aluminum is still in place. Trump has frequently pointed to perceived imbalances in trade, particularly in the automobile and agriculture sectors. In 2024, the EU exported over $600 billion in goods to the U.S., while importing $370 billion—a deficit Trump has vowed to correct.
Kosta Gushterov
Reporter at Coindoo
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