Trump delays EU tariffs — but more volatility could be on the way– www.cnbc.com
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Excerpt:
Investors should “buckle up” for more volatility as the potential for a trade war has not completely dissipated despite U.S. President Donald Trump’s delay of rolling out 50% tariffs on the European Union, analysts warn.
Trump announced on Sunday that he had agreed to push the rollout of the punitive import duties back to July 9, following a call with EU Commission President Ursula von der Leyen.
The president had initially called for a 50% tariff on EU goods to begin on June 1. He accused the bloc in a social media post of being “very difficult to deal with,” and said trade negotiations with the EU were “going nowhere.”
European stocks rebounded Monday morning, moving into positive territory, after previously sinking on Friday in response to Trump’s fresh tariffs threats.
Von der Leyen said in a post on X over the weekend that the EU was “ready to advance talks swiftly and decisively.”
“The EU and US share the world’s most consequential and close trade relationship,” she said. “To reach a good deal, we would need the time until July 9.”
