EU bureaucrats commit to ‘rapid’ negotiations after President Trump phone call

President Donald Trump
European Union bureaucrats have agreed to fast-track trade talks with the U.S. following a phone call between President Donald Trump and EU President Ursula von der Leyen.
Anders Hagstrom for FOX Business:
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The European Commission made the announcement Monday following a phone call between Trump and EU President Ursula von der Leyen. Trump had threatened last week to impose a further 50% tariff on European imports beginning June 1, but he has now agreed to delay the plan to July 9 to give time for negotiations.
“They agreed both to fast-track the negotiations and stay in close contact,” commission spokeswoman Paula Pinho told reporters Monday. “These negotiations are complex, and so they are taking time,” she added. “There’s now also a new impetus for the negotiations and we will take it from there.”
Trump announced the tariff extension in a Truth Social post on Sunday, saying that he had a productive phone call with von der Leyen. He posted on social media again Tuesday morning.

President Trump via Truth Social:
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I was extremely satisfied with the 50% Tariff allotment on the European Union, especially since they were “slow walking (to put it mildly!), our negotiations with them. Remember, I am empowered to “SET A DEAL” for Trade into the United States if we are unable to make a deal, or are treated unfairly. I have just been informed that the E.U. has called to quickly establish meeting dates. This is a positive event, and I hope that they will, FINALLY, like my same demand to China, open up the European Nations for Trade with the United States of America. They will BOTH be very happy, and successful, if they do!!!

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MacDailyNews Take: Here is a list of the top 5 consumer markets by country, based on household final consumption expenditure (HFCE) in U.S. dollar value (consumer spending):

United States of America: ~$18.8 trillion

China: ~$7.0 trillion

Japan: ~$2.5 trillion
Germany: ~$2.3 trillion
India: ~$2.2 trillion

Add up the 2nd – 5th consumer markets on earth and they still total $4.4 trillion less than the United States of America.

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