NEW JERSEY – US President Donald Trump has announced a delay in the implementation of a 50% tariff on the European Union, moving the effective date from 1 June to 9 July 2025.

According to Reuters, Trump softened his stance after European Commission President Ursula von der Leyen called him to say that the EU “needed more time to reach a deal.”

“The EU and US share the world’s most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively,” Ursula von der Leyen, European Commission President, wrote on her personal X social media account, @vonderleyen.

Ursula then succeeded in persuading Trump to postpone the EU tariff implementation to 9 July 2025, the same deadline as the previously declared “Liberation Day” tariff pause set back in April.

“To reach a good deal, we would need the time until July 9,” Ursula added on her X account.

Although European stock indices dropped following the initial tariff announcement, the delay now appears to be boosting the euro.

According to Bloomberg data, as of 10:24 AM WIB today (26/5), the euro had strengthened 0.39% against the US dollar, and also gained 0.37% against the safe haven Japanese yen. (ZH)