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Trump Extends Deadline for EU Tariffs to August 1 and Signals Deal via Letter

Brussels prepares limited framework talks under persistent uncertainty over Trump’s tariff threats.

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Wegen höherer Zölle sind viele Exporte vorgezogen worden, nun fehlt die Nachfrage
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Overview

  • President Trump postponed planned additional tariffs on EU imports to August 1 and emphasized that the new deadline is not binding.
  • He said he expects to send the EU a letter within two days that “means a deal,” without ruling out further tariff hikes.
  • German exports to the United States fell 7.7 percent in May to €12.1 billion, the lowest monthly level since March 2022.
  • EU negotiators remain divided over acceptable concessions and potential retaliatory measures as they head into final limited-scope talks.
  • Global trade rose by $300 billion (1.7 percent) in the first half of 2025, yet analysts warn that prolonged tariff uncertainty could curb future growth.