India, May 27 -- The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
President Donald Trump delayed the implementation of 50 percent tariffs on imports from the European Union to July 9 from June 1.
"I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union," Trump said in a post on Truth Social on Sunday.
"I agreed to the extension - July 9, 2025 - It was my privilege to do so," he added. "The Commission President said that talks will begin rapidly."
The move by Trump comes as analysts pr...