ISTANBUL 

European stocks rose Monday after US President Donald Trump extended the deadline for a planned 50% tariff on European Union goods, delaying implementation until July 9.

The pan-European STOXX 600 index climbed 1% at 7 am GMT, reaching 549.7 by 7.50 am GMT.

Germany’s DAX was up 1.43%, France’s CAC 40 gained 1.01%, Italy’s FTSE MIB rose 0.93% and Spain’s IBEX 35 advanced 0.81% by the same time.

Trump initially announced in April that Washington would impose the tariff starting June 1, citing what he called unfair trade practices by the EU. He later pushed the date to July 9 following a conversation with European Commission President Ursula von der Leyen.

In a message on his Truth Social platform on Sunday, Trump said von der Leyen requested the extension and that “talks will begin rapidly.” He called the decision to grant the delay “a privilege.”

The move eased immediate concerns in European markets, though negotiations between the two sides are expected to remain tense.