President Donald Trump stunned European officials and caught some of his own senior advisers off guard with his snap decision Friday to reignite his market-rattling trade war with the European Union.

Top officials at the EU's executive commission say they're pushing hard for a trade deal with the Trump administration to avoid a 50% tariff on imported goods.

Historic upset sends shockwaves across the EU and Ukraine as right-wing Law and Justice-backed candidate secures victory with 50.89% of the vote

Trump backed away from his threat to impose 50% tariffs on imports from the European Union next month, restoring a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal.

Liberal pro-EU candidate Rafal Trzaskowski appears set to narrowly win Poland's presidential election, according to an exit poll.

President Trump and the European Union make strides in trade talks, along with India. Chevron deadline on Venezuela approaches. Here at home, Bitcoin 2025 on tap, along with durable goods data. FOX Business is providing real-time updates on the markets,

"I have just been informed that the E.U. has called to quickly establish meeting dates," Trump wrote in a post on the Truth Social platform.

President Donald Trump pulled back from threatening a larger trade war with Europe, again. On May 23, Trump said he would impose a 50% tariff on the EU starting on June 1. He later told reporters he felt no need to cut a deal.