Morristown, New Jersey | President Donald Trump has backed away from his threat to slap 50 per cent tariffs on imports from the European Union next month, agreeing on Sunday (Monday AEST) to extend the deadline until July 9 for talks between Washington and the 27-nation bloc to produce a deal.
On Friday, Trump said he was recommending a 50 per cent tariff go into place on June 1 because of frustration that talks with the EU were not moving quickly enough.
