President Trump reversed course Sunday evening on his threats to impose huge tariffs on the European Union after talking with the bloc's head, extending the deadline for tariff implementation to July 9.

Trump agrees to extend the proposed 50% EU tariff to July 9, 2025, after a call with European Commission President Ursula von der Leyen. Talks are set to "begin rapidly," he said.

That agreement came after a call Sunday with Ursula von der Leyen, the president of the European Commission, who had told President Trump that she “wants to get down to serious negotiations,” according to Trump’s retelling.

Japanese stocks may fluctuate after the yen weakened against the dollar as US President Donald Trump said he would extend the deadline for the European Union to face 50% tariffs until July 9.

Europe’s luxury brands have long sold pricey handbags based on the mystique of where they are made. Now the trade war is probing the value of producing in places like this sun-kissed town.Ubrique’s workshops have pumped out leather goods for Chanel,

President Donald Trump spoke with Russian President Vladimir Putin about ending the war in Ukraine, hosted the president of South Africa at the White House and threatened more stringent tariffs against the European Union this week.