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Japan showcases its shipbuilding and LNG expertise amid global trade tensions, as Asean leaders gather with US tariffs and trade concerns dominating discussions.

'Privileged to do so': Donald Trump delays 50% tariff on EU goods to make room for talks

The Times of IndiaSunday, May 25, 2025 at 11:53:53 PM
'Privileged to do so': Donald Trump delays 50% tariff on EU goods to make room for talks
President Trump has decided to hold off on slapping a hefty 50% tariff on EU goods until mid-2025, giving both sides more time to negotiate. The delay came after European Commission President Ursula von der Leyen promised to come to the table for serious talks. Trump framed the move as a goodwill gesture, calling it a "privilege" to delay the tariffs in hopes of reaching a deal.
Editor’s Note: This isn’t just about tariffs—it’s a high-stakes game of chicken between the U.S. and EU. By hitting pause, Trump is signaling he’s open to negotiation (for now), but the threat still looms if talks fall apart. For businesses and consumers on both sides, this buys some breathing room, but the long-term uncertainty keeps markets and supply chains on edge.
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