President Donald Trump hailed his threatened 50% tariff on the European Union as a “success” Tuesday after he said the bloc worked to fast-track negotiations. The president announced a blanket 50% tariff on all EU goods last week,

President Trump said the U.S. will delay a threatened 50% tariff on goods from the European Union from June 1 until July 9.

The European Union has taken a proactive stance by agreeing to speed up trade discussions with the United States. This decision comes in response to President Donald Trump's recent threats of imposing additional tariffs on European imports.