President Trump said the U.S. will delay a threatened 50% tariff on goods from the European Union from June 1 until July 9.

President Donald Trump said Sunday that the U.S. will delay implementation of a 50% tariff on goods from the European Union from June 1 until July 9 to buy time for negotiations with the bloc.

The European Union has taken a proactive stance by agreeing to speed up trade discussions with the United States. This decision comes in response to President Donald Trump's recent threats of imposing additional tariffs on European imports.