Business
Trump delays 50% EU tariffs after Brussels begs for more time
MxM News
Quick Hit:
President Donald Trump announced Sunday that he is postponing sweeping new tariffs on the European Union after a direct appeal from EU Commission President Ursula von der Leyen.
Key Details:
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Trump had previously warned the EU it would face 50% tariffs by June 1st, calling the bloc “very difficult to deal with” and pressing for a deal.
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On Truth Social, Trump confirmed he had “received a call today from Ursula von der Leyen…requesting an extension,” which he granted until July 9th.
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Von der Leyen said the EU was ready to move “swiftly and decisively,” framing the talks as vital to preserving the “most consequential and close trade relationship” in the world.
Diving Deeper:
President Donald Trump on Sunday evening confirmed he has delayed the implementation of 50% tariffs on the European Union, following a direct request from European Commission President Ursula von der Leyen for more time to negotiate a trade agreement. The extension comes after Trump sharply criticized the EU for being “very difficult to deal with,” warning that steep tariffs would take effect by June 1st if Brussels failed to come to the table.
In a message posted on Truth Social, the president stated: “I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union. I agreed to the extension—July 9, 2025—It was my privilege to do so. The Commission President said that talks will begin rapidly.”
Von der Leyen echoed that sentiment in a post on X, calling it a “good call” with the president and affirming that “Europe is ready to advance talks swiftly and decisively.” She added, “To reach a good deal, we would need the time until July 9.”
The EU is already contending with a 10% blanket tariff and additional 25% duties on key exports like aluminum, automobiles, and steel. While countries such as the United Kingdom have reached bilateral deals with the Trump administration, Brussels has maintained a more rigid stance, citing the complexity of representing the varied interests of its 27 member states.
Trump has consistently criticized the European Union as a protectionist bloc designed to disadvantage the United States. In remarks earlier this year, he argued the EU “was formed to screw the U.S.,” referencing its origins in the European Coal and Steel Community, which aimed to create internal free trade while restricting third-country access—particularly from the U.S.
Trade negotiations are expected to center not only on reducing European tariffs and barriers against American goods but also on urging the EU to scale back its economic ties to Communist China. While the U.S. remained the EU’s largest trading partner in 2024, accounting for 17% of total trade, China closely followed at 15%. However, the EU imported significantly more goods from China—€520 billion—compared to €335 billion from the U.S.
With tariffs now delayed until July 9th, all eyes turn to whether the EU is serious about making meaningful concessions—or if Trump’s deadline extension will be the final one.
From LifeSiteNews
Changes to the law require companies to more rigorously prove their environmental claims.
The investment group in charge of Canada’s governmental pension plan has ditched its “net zero” mandate, joining a growing list of major institutions doing the same.
According to the Canada Pension Plan (CPP) Investments’ latest annual report, the entity is no longer committed to carbon “net-zero” by 2050. The CPP’s ditching of the target comes after a number of major institutions, including the Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), National Bank of Canada, and the Canadian Imperial Bank of Commerce (CIBC), all made similar moves in recent months.
While ditching the net-zero effort, chief executive of CPP Investments John Graham maintained that it is still “really important to incorporate climate and incorporate sustainability” in its long-term investment portfolio.
The dropping of the “climate” target comes as recent changes to Canada’s Competition Act now mandate that companies prove any environmental claims they make, with Graham insinuating these changes were a factor in the decision.
“Recent legal developments in Canada have introduced, kind of, new considerations around how net-zero commitments are interpreted, so that’s caused us to change a little bit how we talk about it, but nothing’s changed on what we’re actually doing.”
Over the past decade, left-wing activists have used “net zero” and “environmental, social & governance” (ESG) standards to encourage major Canadian and U.S. corporations to take particular stands on political and cultural issues, notably in promotion of homosexuality, transgenderism, race relations, the environment, and abortion.
Outside of Canada, many major corporations have announced they are walking back DEI and other related policies. Some of the most notable include Lowe’s, Jack Daniel’s, and Harley Davidson. Other companies such as Disney, Target, and Bud Light have faced negative sales due to consumers fighting back and refusing to patronize the businesses.
Since taking power in 2015, the Liberal government, first under Justin Trudeau and now under Mark Carney, has continued to push a radical environmental agenda in line with those promoted by the World Economic Forum’s “Great Reset” and the United Nations’ “Sustainable Development Goals.” Part of this push includes the promotion of so called net-zero energy by as early as 2035.
Quick Hit:
President Donald Trump condemned Russia’s largest aerial assault on Ukraine’s capital, calling Putin “crazy” and warning sanctions are “absolutely” on the table if the bloodshed continues.
Key Details:
- Trump blasted Putin for launching nearly 300 drones and 69 missiles into Kyiv, killing at least 12.
- Speaking in New Jersey, Trump said he’s “not happy” with Putin and accused him of “killing a lot of people.”
- On Truth Social, Trump said the war “would never have started” if he were president and slammed both Zelenskyy and Biden for their roles.
Diving Deeper:
President Donald Trump issued some of his harshest criticism yet of Russian President Vladimir Putin following a devastating barrage of missile and drone attacks on Kyiv that left at least 12 civilians dead and dozens more wounded. The assault, the largest of the war in terms of aerial firepower, saw 298 drones and 69 missiles launched by Russia.
Speaking to journalists at Morristown Municipal Airport in New Jersey on Sunday, Trump did not hold back.
“I’m not happy with what Putin is doing,” he said. “He’s killing a lot of people, and I don’t know what the hell happened to Putin. I’ve known him a long time, always gotten along with him, but he’s sending rockets into cities and killing people, and I don’t like it at all.”
The strikes hit Ukraine’s capital and other cities just as tenuous negotiations for a ceasefire were underway. Trump noted the timing, saying, “We’re in the middle of talking, and he’s shooting rockets into Kyiv and other cities.”
Later on Truth Social, Trump doubled down, calling Putin “absolutely CRAZY!” and asserting, “I’ve always said that [Putin] wants ALL of Ukraine, not just a piece of it, and maybe that’s proving to be right, but if he does, it will lead to the downfall of Russia!”
But Trump didn’t spare Ukraine’s president either. “Likewise, President Zelenskyy is doing his Country no favors by talking the way he does. Everything out of his mouth causes problems, I don’t like it, and it better stop,” Trump wrote.
“This is a war that would never have started if I were President,” he added, laying blame squarely on “Zelenskyy, Putin, and Biden,” and insisting he’s only stepping in to try to extinguish “the big and ugly fires” caused by their “gross incompetence.”
Despite hesitation from Biden administration officials—particularly Secretary of State Marco Rubio—about levying sanctions that could disrupt ongoing talks, Trump made it clear where he stands: he would “absolutely” consider new sanctions if Putin’s attacks continue.
Ukrainian President Volodymyr Zelenskyy, in a post on Telegram, urged the international community to respond with tougher action. “The silence of America, the silence of others in the world only encourages Putin,” he wrote, saying every new Russian strike is “reason enough for new sanctions.”
(Sergey Guneev, Sputnik, Kremlin Pool Photo via AP)
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