MORRISTOWN, N.J. — President Donald Trump said Sunday that he would delay tariffs that were set to be imposed next week on the European Union until July 9.

President Trump announced in a Truth Social post that he was pushing back the imminent June 1 deadline after he had a “very nice talk” on the phone with the President of the European

Wall Street’s roller-coaster ride created by President Donald Trump’s trade policies whipped back upward on Tuesday, this time because of a delay for his tariffs on the European Union.

The threat of 50% tariffs on the European Union is likely a negotiation tactic to force a dialogue on difficult issues such as nontariff barriers, according to strategists Jason Pride and Michael Reynolds at Glenmede.

French President Emmanuel Macron's Vietnam visit and Swedish automaker Volvo Cars' layoffs are both, in some ways, responses to Trump tariffs.

European shares extended gains on Tuesday, led by defence stocks after U.S. President Donald Trump threatened additional sanctions on Russia, while relief from the reversal of tariffs on the region continued to boost sentiment.