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 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)