Overview

• US President Donald Trump has deferred the imposition of 50% tariffs on EU imports from June 1 to July 9 after discussions with EU Commission President Ursula von der Leyen.
• The EU has proposed abolishing tariffs on industrial goods and increasing imports of US liquefied natural gas, military technology, and agricultural products to ease tensions.
• Both sides are intensifying negotiations, but the EU is preparing countermeasures, including tariffs on US goods worth nearly 100 billion Euros, in case talks fail.
• Economic studies predict severe consequences if tariffs are enacted, with Germany potentially facing losses exceeding 200 billion Euros by 2028.
• Trump's tariff policy poses risks for the US economy, potentially raising consumer prices and inflation, adding pressure on his administration to reach a resolution.