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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.
Trump set a July 4 deadline for the EU to ratify a trade agreement with the U.S.
KEY POINTS
- 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.
COMPANIES
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