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everything secure. The tariff ometer is down a notch this morning. I'm David Brancaccio in New York.

The European Union has agreed to speed up trade talks. This after President Donald Trump

last week ordered a higher 50% tariff on European goods, Marketplaces.

Henry Epp is here with the latest.

Trump said he would delay that 50% import tax until July 9th after speaking with European Commission President Ursula von der Leyen on Sunday.

And that would give the sides more time to negotiate a trade deal.

Though at this point,

there aren't many details around what an agreement might look like. President Trump's rejected

the EU's latest offer last week. According to Bloomberg, that would have had both sides

removed tariffs on some industrial products, and it would have allowed more exports of American

agricultural products to the EU.

Trump turned down that offer and suddenly threatened a drastic tariff on the entire block at the end of last week.

And that threat is still dangling over these negotiations for the next six weeks.

Henry, on this day, after Memorial Day, remind us about the twists and turns of trade leading into summer here.

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