Trump postponed Europe tariffs: a pause in the trade war?

Former President Donald Trump postponed the deadline for imposing 50% tariffs on the European Union after a conversation with Ursula von der Leyen.

By the SpyStocks desk · 1y ago · 1 min read

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Good morning friends 👍

▶️ Good news this morning ▶️

Overnight, a positive diplomatic storm between Washington and Brussels, Donald Trump, in a breath of fine political drama, at the last minute pulled the trigger on renewing the trade war with Europe. 🛡

Amid growing tensions with the European Union, the former president announced an extension of the deadline for imposing 50% tariffs until July 9, after a personal and "very friendly" conversation with Commission President Ursula von der Leyen - who requested an extension to reach a new trade agreement "quickly." 🔥

Is this a temporary reprieve before the big storm, or the beginning of reconciliation between economic giants ❓

Von der Leyen already hints that a "good deal" will require time, but not all summer. ✔️

Futures on the indices are reacting with gains. 🔼

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