Trump extends deadline for US–EU trade talks after 50 percent tariff threat

US President Donald Trump walked back his threat to slap 50 percent tariffs on all EU goods as early as June 1st, following a phone call with EU Commission President Ursula Von der Leyen. The acquisition of US Steel by Japan’s Nippon Steel looks set to proceed, and Emmanuel Macron seeks to sell France as a bastion of stability as he tours Southeast Asia.