U.S. President #DonaldTrump has agreed to postpone the 50% tariff on the European Union following a phone call with European Commission President Ursula von der Leyen. The agreement delays the tariff until July 9, 2025, allowing time for continued trade negotiations. The EU had previously threatened to impose a 20% retaliatory tariff. Following the announcement, U.S., European, and Asian stock indices rose, while the U.S. dollar dipped to its lowest level since December 2023.
