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  • 8 months ago
Trump has backed off his threat of 50% tariffs on EU imports, reinstating a July 9 deadline to allow more time for negotiations.

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00:00Now to trade news. U.S. President Donald Trump has backed away from his threat to impose 50% tariffs on European Union imports next month.
00:10Instead, he has reinstated a July 9th deadline to allow more time for negotiations between Washington and the 27-nation bloc.
00:48The threat has also caused shockwaves through global financial markets and added fuel to an already tense trade war.
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