President Donald Trump may run into a sticky situation with the European Union and his Federal Trade Commission chief over Big Tech regulations. In February, Trump vowed to hit countries that enact “discriminatory,

MORRISTOWN, N.J. — President Donald Trump said Sunday that he would delay tariffs that were set to be imposed next week on the European Union until July 9.

The tariff hike — from 25% to 50% — was announced on Friday during Trump’s speech near Pittsburgh, where he promoted a $14.9 billion deal between Nippon Steel and US Steel as a win for domestic jobs. The president later clarified on social media that the higher rate would apply to both steel and aluminum imports.

Trump said he planned to increase tariffs on imported steel and aluminum to 50% from 25%, deepening his trade war.

Stocks closed down on Friday after President Donald Trump threatened new tariffs targeting tech giant Apple and the European Union. The Dow Jones Industrial Average closed down 256 points, or 0.6%, while the S &P 500 declined 0.6%. The tech-heavy Nasdaq fell 1%.

U.S. President Donald Trump announced that he plans to double tariffs on imported steel and aluminum—from 25% to 50%. He made this statement during a rally near Pittsburgh, Pennsylvania. Trump said this move would “further secure the steel industry in the United States” and protect American jobs.

Since returning to power, US President Donald Trump has wielded tariffs – or the threat of them - as his economic weapon of choice. He has slapped import duties against allies and adversaries alike, and raised their rates to staggeringly high levels,

The administration immediately petitioned a court to allow the United States to continue imposing stiff tariffs.