Trump Restores 90-Day Negotiation Window with EU
Odaily Planet Daily News: Trump stated that the EU has requested an extension of the trade negotiation window and has agreed to extend the deadline to July 9. Last week, Trump announced a 50% tariff on EU imports starting June 1. Previously, European Commission President Ursula von der Leyen said on Sunday after a phone call with Trump that the EU is ready to "move quickly and decisively" with trade negotiations with the US, but needs Trump to return to the originally set 90-day negotiation period.
After Trump's change of stance, Bitcoin briefly surged past $109,000, currently quoted at $108,840.
Previously, on May 23, Trump stated, "The main purpose of the EU's establishment is to take advantage of the US in trade. The negotiations with them have made no progress, and it is suggested to directly impose a 50% tariff on EU products starting June 1, 2025." This statement once led to a decline in US stocks and Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
Moody’s and Chainlink Complete Cross-Chain Credit Ratings Distribution Pilot
Crypto prices
More
