Trump Delays 50% EU Tariff After Von Der Leyen Call

US President Donald Trump has postponed the implementation of a planned 50% tariff on European Union imports from June 1 to July 9, following a phone call with European Commission President Ursula von der Leyen who requested more time for negotiations. Both leaders emphasized the importance of swift and serious trade talks to address longstanding issues, with von der Leyen expressing readiness to advance discussions decisively. The tariff delay provided temporary relief to European exporters amid ongoing tensions over what Trump describes as non-monetary trade barriers and a significant US trade deficit with the EU. The announcement caused mixed reactions in global markets, with US futures rising but some Asian indices showing uncertainty. Despite the postponement, uncertainty remains about the long-term direction of US-EU trade relations, as Trump continues to push for rebalancing through tariffs while European leaders seek to clarify negotiation priorities. This development follows a pattern of tariff threats and delays under Trump, contributing to volatility in global trade dynamics.