Former U.S. President Donald Trump has announced a delay in implementing a proposed 50% tariff on European Union (EU) imports, extending the deadline from June 1 to July 9. The move follows a direct call between Trump and European Commission President Ursula von der Leyen, during which both leaders expressed interest in reviving trade talks and easing transatlantic tensions.
Trump referred to the delay as a “privilege,” emphasizing the importance of diplomacy over immediate action.
He stated that the extension allows room for meaningful discussions to avoid a costly tariff war that could impact multiple sectors, including textiles, automotive, and agriculture.
Von der Leyen welcomed the decision, reaffirming the EU’s willingness to engage in prompt and constructive dialogue. “We are ready to move forward swiftly with discussions that are fair and balanced,” she said.
This development comes amid growing concern among global manufacturers and exporters, who fear that a 50% tariff could severely disrupt supply chains and raise production costs.
The fashion and textile industry, in particular, is closely watching these negotiations, as both the EU and the U.
S. are significant markets and sourcing regions.
Trade analysts see the delay as a strategic move, giving both sides time to avoid escalation while still protecting their interests. However, with the new July 9 deadline approaching, stakeholders remain cautious.
Whether this extension leads to a long-term resolution or simply postpones a trade clash remains to be seen.
