EU, Trump and tariff
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US President Trump announced a delay of the planned 50% tariff on EU goods from June 1 to July 9 to allow for further negotiations.
President Donald Trump spoke with Russian President Vladimir Putin about ending the war in Ukraine, hosted the president of South Africa at the White House and threatened more stringent tariffs against the European Union this week.
The Trump administration sees tariff talks as a chance to pressure a rival into concessions. E.U. officials have acted as though they were dealing with an ally.
A string of U.S.-led deals with key trading partners could help reduce heightened uncertainty in the business community and financial markets but represent a “suboptimal” solution, says the European Union’s top economic official.