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.

President Donald Trump signed an executive order to raise tariffs on aluminum and steel imports to 50% starting June 4. His decision came days after promising domestic steel manufacturers that he would protect their industry and increase tariff rates.