Donald Trump delays threat of 50% tariffs on EU to July 9

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Donald Trump agreed to delay his threat by 50 percent of the customs tariff for the European Union to extend trade negotiations until July 9, after a conversation on Sunday with the president of the European Commission, Ursula von der Layen.

“She wanted to reach serious negotiations,” Trump told reporters. “We had a very nice call.”

“She said that we will meet quickly and see whether we can solve something.”

Von der Layen said in a statement that the European Union was ready to advance in commercial talks with the United States “quickly and decisively”, but he needed Trump to return to the 90 -day original negotiation period.

The discussion came in the first invitation that was publicly revealed between the two leaders since the opening of Trump, two days after the US President said that he would impose a 50 percent tariff on the European Union imports from June 1 in response to what he said was not irreversible negotiations with Brussels.

Like this represents a great escalation in the amazing and amazing European negotiator. Trump stopped his initial imposition by 20 percent of the customs tariff against the European Union in April to start negotiation for a period of 90 days that was scheduled to end on July 9.

“Europe is ready to advance in the conversations quickly and decisively. To get to a good deal, we will need time until July 9,” von der Layen said in a social media post, after describing him as “calling” with Trump. Her office confirmed that she started calling.

The statement suggested a possible shift in the committee’s position towards finding a compromise. On Friday, the chief trade negotiator in von der Lin Marus Ofoviofic called for “mutual respect, not threats” and said Brussels “defending our interests” in response to Trump’s escalation.

After Trump threatened to impose the 50 % definitions, the Treasury Secretary in the Treasury on Friday, Scott Bessin in Fox News, said: “I hope this fire will shine under the European Union.”

A White House official said they were frustrated because the European Union did not participate, like other countries. “We haven’t seen anything that comes out of the European Union,” said a White House official.

The Ministry of Treasury and Trade did not immediately respond to suspension requests.

Stephen Moore, an external economic advisor to Trump, said that the statement of von der Lin is a “promising sign” that the European Union is “ready to negotiate.”

Moore told FT: “It may not be fast as Trump wants to see him, but I think this is a peace offer,” Moore told FT.

Officials from both sides acknowledged the lack of progress in the European Union, where negotiators are committed to long positions. Trump attacked the European Union for what it claims to be unfair commercial practices, while European Union officials say that the United States refuses to take into account the surplus of its huge services with the bloc.

“I am not looking for a deal,” Trump told reporters at the White House on Friday. “We put the deal – it’s 50 percent.”

In the event that Trump continues to threaten, the European Union has prepared a set of customs tariffs worth 21 billion euros on American elements such as corn, wheat, motorcycles and clothing, and also discusses an additional list of 95 billion euros of other targets, including Boeing aircraft, cars and bourbon -bisky.