Trump extends EU tariff talks deadline amid renewed push for trade deal
The extension gives negotiators more time to reach a breakthrough after weeks of back-and-forth over tariff threats and trade imbalances.
U.S. President Donald Trump has agreed to extend the deadline for ongoing trade discussions with the European Union until July 9, following what he described as a constructive phone call with European Commission President Ursula von der Leyen.
The extension gives negotiators more time to reach a breakthrough after weeks of back-and-forth over tariff threats and trade imbalances. Last month, Trump initially announced a 20% tariff on most EU imports, later scaling it down to 10% and pushing the deadline to July 8 to allow for negotiations. Now, with talks still lagging, he’s granted a final extension.
Speaking to reporters on Friday, Trump voiced dissatisfaction with the EU’s pace, warning of a potential 50% tariff on all EU goods entering the U.S. as early as June 1. However, after discussions with von der Leyen, he wrote on Truth Social that it was his "privilege" to offer additional time for talks, citing a mutual willingness to resolve differences swiftly.
Von der Leyen, for her part, confirmed she had a positive exchange with the U.S. President and reiterated the bloc’s commitment to pursuing a fair and timely deal.
The EU’s trade commissioner, Maroš Šefčovič, reaffirmed the bloc’s position following a call with top U.S. trade officials. “We remain fully engaged and committed to securing an agreement that reflects mutual respect,” he stated, warning against the use of threats in transatlantic negotiations.
The backdrop to this tension includes long-standing U.S. concerns over trade imbalances, particularly in sectors like automobiles and agriculture. While some levies were suspended earlier this year, key tariffs — including a 25% duty on EU steel and aluminium — remain in effect.
European nations, particularly France and Germany, have cautioned against escalating trade tensions, warning that a tariff war would damage both economies. Though the EU had considered retaliatory tariffs on up to €95 billion worth of U.S. goods, these measures have so far been held in reserve.
As one of the U.S.'s largest trading partners, the EU exported over $600 billion in goods to the United States last year, compared to $370 billion in imports. The challenge ahead lies in turning mutual frustration into a lasting and balanced trade agreement.
