President Trump said the U.S. will delay a threatened 50% tariff on goods from the European Union from June 1 until July 9.

President Donald Trump said Sunday that the U.S. will delay implementation of a 50% tariff on goods from the European Union from June 1 until July 9 to buy time for negotiations with the bloc.

President Donald Trump reignited trade tensions ahead of the Memorial Day weekend with back-to-back social media posts targeting Apple and the European Union, sending global markets into turmoil after weeks of de-escalation provided some reprieve.