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Tag: EU Tariff Reversal
Trump’s EU Tariff Reversal: Legal, Economic, and Policy Implications of a Volatile Trade Strategy
EU Tariff Reversal: On May 23, 2025, U.S. President Donald Trump announced a sweeping 50% tariff on European Union (EU) imports, set to take effect on June 1. This sudden policy shift sent shockwaves through global markets, prompting immediate backlash from European leaders and industry stakeholders. However, in a surprising turn of events, President Trump reversed course just days later, delaying the tariff implementation to July 9 after a phone call with European Commission President Ursula von der Leyen .