🇺🇸 Trump Delays 50% Tariffs on EU Goods After ‘Very Nice Talk’ with EU Chief
Date: May 25, 2025
In a surprising turn of events, former President Donald Trump has agreed to postpone the imposition of a 50% tariff on European Union imports. This decision follows what Trump described as a “very nice talk” with European Commission President Ursula von der Leyen.
The new tariff deadline has been extended to July 9, 2025, giving negotiators from both sides more time to finalize a trade agreement.
📉 Market Reactions
Here’s how the stock market responded initially before the delay announcement:
- Dow Jones: Dropped 256 points
- Nasdaq: Fell by 188 points
- S&P 500: Decreased by 39 points
The delay helped calm investor fears, but uncertainty still looms until a formal agreement is reached.
🛍️ What’s at Stake?
The proposed tariffs would affect billions of dollars in EU exports, including:
- Automobiles
- Machinery
- Pharmaceuticals
- Agricultural products
If enforced, these tariffs could raise consumer prices in the U.S. and spark retaliation from EU nations.
🗣️ Official Statements
Donald Trump: “We had a very nice talk. If countries want trade deals, they have to act quickly — or face consequences.”
Ursula von der Leyen: “This is an opportunity to reset trade discussions and find mutual ground.”
German officials also urged the EU to take the matter seriously and avoid escalation.
📆 What Happens Next?
With the July 9 deadline approaching, both sides are expected to engage in intense negotiations. A successful deal could ease global economic tensions — while failure may lead to trade war-like consequences.
🔗 Sources:
Follow MostVirals.com for more trending news and global updates.
