Source: Axios
“Two days after threatening to impose a 50% tariff on [American buyers of] imports from the European Union, President Trump on Sunday paused the levies until July and said talks would start ‘rapidly.’ The threat of such a large tariff, on more than $600 billion of goods, sent a chill through markets that feared a sudden re-escalation of the trade war. On Friday, Trump posted to Truth Social that the EU had been ‘very difficult to deal with’ and that talks were ‘going nowhere!'” (05/25/25)