Trump delays plans to hit EU with 50pc tariffs

Donald Trump has changed his stance on EU tariffs by extending the deadline for 50% tariffs from June 1 to July 9, a move that has provided a last-minute lifeline as negotiations between the US and Europe intensified. This development comes after President Trump agreed to delay the tariffs following a phone call with European Commission President Ursula von der Leyen, and it has sparked a positive reaction in European markets, with indices like Germany's DAX rising by over 1%. The change signals progress in talks but also reflects Trump's cautious approach ahead of potential reciprocal measures.