The President of the EU ensures the delay in prices after a conversation with Trump | Price

Donald Trump announced that he would arouse his prices threatened by 50% on the European Union until July 9, after a “very beautiful call” with EU Ursula Von Der Leyen.

The president of the European Commission announced in an article on social networks that she had spoken with Trump and obtained the delay to give the two parties more time to negotiate.

“Europe is ready to advance talks quickly and decisively,” wrote Von Der Leyen. “To reach a good deal, we would need time until July 9.”

Brussels and Washington were locked up in negotiations in order to avoid a total transatlantic trade war, after Trump’s pricing threat has radically raised the issues.

Trump warned that he would impose prices of 50% on all imports of the block in the United States, saying that “discussions with them are going nowhere”, adding that prices would be applied from June 1. Trump said he “did not look for an agreement”, repeating his long -standing point of view that European states had “grouped together to take advantage of us”.

German Minister of Finance, Lars Klingbeil, said on Sunday that he spoke with his American counterpart Scott Bessent on this subject.

“We do not need other provocations, but serious negotiations,” he told the Bild newspaper, adding that “American prices endanger the American economy as much as the German and European economy”.

If imposed, this increase would considerably increase the basic price of Washington from 10% to 50%, and the fuel of simmer tensions between two of the economic heavy goods vehicles. Trump had previously stopped increased tariff increases for three months to give negotiations time, giving trading partners until July to accept new conditions.

On Friday, the last threat of an increase in June sent stock markets to a tailpin, in the midst of fears to renew the global economic disruption, the US dollar also decreasing.

The EU is one of Washington’s largest trade partners, sending more than $ 600 billion (444 billion pounds Sterling) in goods last year and buying $ 370 billion, according to US government figures.

Klingbeil reiterated Germany’s support to the EU to manage talks with the United States. “We, as a European, are united and determined to represent our interests,” he said.

EU’s head of commerce, Maroš Šefčovič, said on Friday saying that the block was “determined to conclude an agreement that works for both” and that trade relations “should be guided by mutual respect, not threats”.

Irish Prime Minister Micheál Martin warned the consequences if such levels of prices were imposed. “It’s a surprise, because there was a break until early July,” he told Rté.

“Everyone in the European Union acts in good faith and wants a regulation negotiated with the United States.

“The commercial relationship between the European Union and the United States is the most dynamic and the most important in the world, therefore the prices of this height or of this scale would be extremely disruptive and would create even wider disturbances in the global economy.”