Summary
US President Donald Trump has extended the deadline for tariff negotiations with the European Union (EU) to 9 July, following a positive call with EU Commission President Ursula von der Leyen. Initially imposing a 20% tariff on most EU goods, Trump reduced it to 10% in light of ongoing discussions but threatened to escalate to 50% due to frustrations with the negotiation speed. European leaders, including trade chief Maroš Šefčovič, emphasize the need for a fair deal and warn against escalating tariffs, which could negatively impact both economies.
