President Donald Trump said he will give the European Union more time before imposing 50% tariffs, pushing the deadline to July 9.

The announcement followed a phone call with European Commission President Ursula von der Leyen, who had asked for extra time to reach an agreement.

BREAKING: President Trump says he received a call from the President of the EU Commission asking for the 50% tariff deadline to be move to July 9th, and it was his "privilege to do so." pic.twitter.com/p7cP4ADVe2

— The Kobeissi Letter (@KobeissiLetter) May 25, 2025

“We had a very nice call, and I agreed to move it,” Trump told reporters Sunday while flying back to Washington.

Earlier Sunday, von der Leyen posted on X that “Europe is ready to advance talks swiftly and decisively,” but stressed that “a good deal” will need “time until July 9.”

That date marks the end of the 90-day negotiation period during which the EU had been spared from the 20 percent tariffs Trump first announced in April.

The 50% tariffs are here to stay, nonetheless

Last Friday, the president warned he would raise the tariffs to 50 percent if he did not see faster progress. He accused the bloc of dragging its feet on talks and of targeting U.S. firms with lawsuits and extra regulations.

The higher tariff threat would affect about $321 billion in U.S.-EU goods trade. According to calculations by Bloomberg Economics, it could shave nearly 0.6 percent off U.S. gross domestic product and lift prices by more than 0.3 percent.

In response to Trump’s warning, the EU last week put forward a fresh trade offer, and its trade chief, Maroš Šefčovič, spoke by phone on Friday with his U.S. counterpart, Jamieson Greer. That move was part of Brussels’ effort to show willingness to compromise ahead of the looming tariff deadline.

Also on Friday, Treasury Secretary Scott Bessent told Fox News, “I would hope that this would light a fire under the EU,” referring to the higher tariff threat.

A White House official, speaking on condition of anonymity, complained that the EU had not shown the same level of engagement as other trading partners. “We just haven’t seen anything material come out of the EU,” the official said. The Treasury and Commerce departments did not immediately respond to requests for comment.

“I’m not looking for a deal,” Trump said at the White House on Friday. “We’ve set the deal — it’s at 50 percent.”

If the 50 percent tariffs were to take effect on June 1, Brussels would have to decide whether to retaliate. The EU has already readied a €21 billion package of counter-tariffs on American goods such as maize, wheat, motorcycles, and clothing. It is also weighing an additional list worth €95 billion that would target items including Boeing aircraft, cars, and bourbon whiskey.

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