Overview

• President Trump has postponed the implementation of 50% tariffs on EU imports until July 9, following a phone conversation with EU Commission President Ursula von der Leyen.
• The EU remains committed to negotiations and has proposed a mutual abolition of tariffs on industrial goods to de-escalate the trade dispute.
• Existing US tariffs on EU goods, including 25% on steel and aluminum and 10% on other products, remain in place as talks progress.
• EU officials have criticized the proposed tariffs as unjustified and in violation of WTO rules, with counter-tariffs prepared if no agreement is reached.
• German and EU leaders are urging swift progress, emphasizing the economic stakes for businesses and consumers on both sides of the Atlantic.