# Trump says he will give the EU until July 4 to ratify its trade agreement with the U.S. He threatens to raise tariffs to "much higher" levels if the 27-nation bloc fails to do so.

*business · news · 2026-05-08 · CNBC*

## Key points

- Trump set a July 4 deadline for the EU to ratify a trade agreement with the U.S.
- Trump threatened to raise tariffs on EU car and truck imports to 25% if unmet.
- The trade deal in question was struck at Trump's golf course in Scotland in July 2023.
- EU negotiator Bernd Lange said progress has been made but the deal is not yet finalized.
- The next round of EU-U.S. trade negotiations is scheduled for May 10.

**Countries:** United States, European Union

[Read the full story on CNBC](https://www.cnbc.com/2026/05/08/trump-tariffs-trade-eu-europe-deal.html)

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