Trump agrees to extend EU trade talks after 50% tariff threat

US President Donald Trump has agreed to extend a deadline to negotiate tariffs with the European Union until 9 July, BBC reported.

It comes after President of the European Commission Ursula von der Leyen said she had a "good call" with Trump on Sunday.

Last month, Trump announced a 20% tariff on most EU goods, but later halved it to 10% until 8 July to allow time for negotiations. On Friday, Trump expressed frustration with the pace of negotiations with the EU and threatened to impose 50% tariffs.

Speaking to reporters, Trump said Von der Leyen told him "we will rapidly get together and see if we can work something out", posting later on Truth Social that it was his "privilege to extend the deadline," according to BBC.