President Trump has proposed a 50% tariff on European Union imports, delaying its implementation from June 1 to July 9 after discussions with EU Commission President Ursula von der Leyen. This decision follows stalled trade negotiations and highlights concerns over trade barriers contributing to a significant U.S. trade deficit of $236 billion with the EU in 2024. While the EU has prepared countermeasures against U.S. tariffs, it has paused their implementation until July 14 to allow for further negotiations. Trump’s tariff policies have previously included a 20% tariff and threats on specific goods.

Source: https://www.supplychaindive.com/news/trump-tariffs-european-union-negotiations/748938/