President Trump reversed course Sunday evening on his threats to impose huge tariffs on the European Union after talking with the bloc's head, extending the deadline for tariff implementation to July 9.

The twin threats, delivered via social media, roiled global markets after weeks of de-escalation had provided some reprieve.

Trump agrees to extend the proposed 50% EU tariff to July 9, 2025, after a call with European Commission President Ursula von der Leyen. Talks are set to "begin rapidly," he said.

President Donald Trump spoke with Russian President Vladimir Putin about ending the war in Ukraine, hosted the president of South Africa at the White House and threatened more stringent tariffs against the European Union this week.

Trump's surprise 50% EU tariff triggers $300M in crypto liquidations as Bitcoin and altcoins reel from renewed trade war fears.

BYD sold more pure battery electric vehicles than Tesla for the first time last month, a "watershed moment" for the region's car market, JATO Dynamics said.