Trump Backs Down From EU Trade War After Von Der Leyen Phone Call
President Donald Trump has reversed course on imposing tariffs against the European Union, extending trade negotiations until July 9 following a telephone conversation with European Commission President Ursula von der Leyen. Trump announced Sunday that he would postpone the 50 percent tariff on EU imports that he had threatened to implement on June 1, just two days after declaring the punitive measures on Friday. The development represents another shift in US trade policy, adding to ongoing uncertainty surrounding Trump's approach to international commerce and its impact on global markets. "[Von der Leyen] said she wants to get down to serious negotiation. We had a very nice call," Trump told reporters. "She said we will rapidly get together and see if we can work something out." Von der Leyen confirmed the positive nature of their discussion, stating that the EU was […]