European and US officials are wrestling over a trade deal. President Trump says if there's no agreement by July 9, he'll impose a crushing 50% tariff or import tax on goods coming in from Europe.

The European Union and the United States are heading back to the bargaining table after President Trump reversed course on a 50% tariff on goods from the E.U.

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,