President Trump has agreed to extend a deadline to negotiate tariffs with the European Union (EU) by more than a month. Trump had previously announced a 20% tariff on most EU goods, later reducing this to 10% to allow time for negotiations.

President Donald Trump said Sunday that he has agreed to give the European Union an extension until July 9 on tariffs, after a “very nice call” from European Commission President Ursula von der Leyen.

U.S. President Donald Trump backed away from his threat to impose 50% tariffs on imports from the European Union next month, restoring a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal.