The U.S. has postponed the deadline for the introduction of duties for European goods at a rate of 50% until July 9, Bloomberg reports citing the words of U.S. President Donald Trump.
“We had a very nice conversation and I agreed to postpone it (the deadline on duties),” he said following a phone conversation with European Commission chief Ursula von der Leyen.
She in X also called the call “good” and noted that the parties will need time until July 9 to reach a “favorable deal”. Bloomberg recalls that on this day will expire the suspension of 20% duties, which Trump previously threatened to impose on imports from the European Union. Now the rate is 10%. He threatened to raise duties to 50% on June 1.
According to Bloomberg Economics, if Trump imposes 50% duties, it will affect trade in goods between the U.S. and the EU to the amount of $ 321 billion, reduce U.S. GDP by almost 0.6% and increase prices by more than 0.3%. U.S. Deputy Treasury Secretary Michael Folkender said earlier that the difficulty of negotiating tariffs with Europe is that Washington is negotiating with the entire bloc while trying to eliminate trade barriers in contacts with individual European countries.