#TrumpTariffs #BullishNews

As as was claiming in live chat that trump will probably delay terrifs .Just few minutes ago this news came across..

President Donald Trump has announced a delay in the implementation of a proposed 50% tariff on European Union (EU) goods, shifting the start date from June 1 to July 9, 2025. This decision follows a phone conversation with European Commission President Ursula von der Leyen, who requested additional time for negotiations. (LiveNOW from FOX, DIE WELT)

The proposed tariff, which would significantly impact key EU exports such as automobiles, pharmaceuticals, and machinery, was initially introduced as part of Trump's "reciprocal tariff" policy aimed at addressing the U.S. trade deficit with the EU. In 2024, the U.S. imported approximately $606 billion in goods from the EU while exporting about $370 billion, resulting in a trade deficit of $235.6 billion in goods. (Wikipedia, WSJ)

Both leaders have expressed a commitment to advancing trade discussions swiftly. Von der Leyen emphasized the importance of the U.S.-EU trade relationship and affirmed Europe's readiness to work rapidly toward a resolution. (AP News, AP News)

The delay provides a window for both parties to engage in further negotiations, with the aim of reaching a mutually beneficial trade agreement before the new deadline.(El País)

AP News

Barron's

WSJ