Trump Extends Deadline for 50% Tariffs on EU Goods

Watch Trump Extends Deadline for 50% Tariffs on EU Goods - Bloomberg on Dailymotion

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00:00President Trump, of course, is we're watching in terms of the impact on these markets,

00:03saying that he's agreed to extend the deadline for a 50 percent tariff on the EU until July 9th.

00:08Trump says EU Commission President Ursula von der Leyen asked for the extension during a call.

00:13Let's bring up Bloomberg News editor Tony Schutka.

00:15So he's adding a lot more certainty, but perhaps also alleviating some of the pressure going into that deadline.

00:21What did we hear?

00:23Yeah, well, Trump spoke just in the last hour or so.

00:26And that is that's essentially what he said.

00:29There's been this kind of merry-go-round with the EU last week or last Friday, I believe,

00:35brought a very sort of dark cloud over this huge economic relationship when Trump said that tariffs would go up within a week.

00:47And now he's backed off that after a call with Ursula von der Leyen, the president of the EU Commission,

00:53who I believe called it a good conversation.

00:56And they're kind of back to a starting point with a July 9th deadline for reaching the deal,

01:07which, you know, of course, is a very fluid undertaking because there's an awful lot to do.

01:16And the U.S. has been very, very adamant about what it wants.