Trump agrees to extend EU trade talks after 50% tariff threat

Trump extended the deadline after EU chief Ursula von der Leyen said the bloc needed more time to "reach a good deal".

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Last month, he announced a 20% tariff - or import tax - on most EU goods, but later cut this to 10% to allow time for negotiations. On Friday, Trump expressed frustration with the pace of talks and threatened to raise the tariff rate to an even higher level of 50% as soon as 1 June.

On Sunday, he wrote on social media that he was pushing his deadline back to 9 July, after a "very nice" call with Ursula von der Leyen, the European Commission chief.

Von der Leyen echoed Trump's assessment of the call and said the bloc was "ready to advance talks swiftly and decisively".

But, in her own online post, von der Leyen wrote: "To reach a good deal, we would need the time until July 9."