Trump Claims Success as EU Nears Talks Ahead of 50% Tariff Deadline

President Donald Trump declared his threatened 50% tariff on European Union goods a success, claiming it motivated the EU to accelerate trade negotiations after a period of stalled talks. Following a call between Trump and European Commission President Ursula von der Leyen, the EU agreed to fast-track discussions, resulting in a 90-day delay of the tariffs originally set to begin in June. The European Commission is pushing for a mutually beneficial deal that could include zero tariffs on industrial goods and increased purchases of American products such as soybeans, arms, and liquefied natural gas. While the EU proposed a "zero-for-zero" tariff removal, the Trump administration has maintained a 10% baseline tariff on EU imports, with broader tariffs on steel and automobiles still in place. Both sides also see potential cooperation on issues like steel overcapacity and digital technology. The renewed negotiations reflect a notable shift from prior hostility, with both parties expressing readiness to reach an agreement.