Trump says EU has until July 4 to approve last year’s trade deal or it will face higher tariffs
Trump said EU goods will face higher tariffs if the bloc does not approve last year’s trade framework, after warning autos could be hit with 25% duties.
- President Donald Trump announced on Thursday that the European Union has until July 4 to approve last year's trade deal or face higher tariffs, framing the deadline around the Country's 250th Birthday.
- The Historic Trade Deal, agreed in Turnberry, Scotland, originally set tariffs on European goods at 15%. Trump claims the European Union failed to cut tariffs to ZERO as promised under the Agreement.
- After the Supreme Court ruled the initial tariff declaration lacked legal authority, the administration levied a 10% tariff while investigating trade imbalances. Trump previously threatened to increase tariffs on European automobiles to 25%.
- Trump wrote on Truth Social that he had a "great call" with European Commission President Ursula, though the European Parliament has yet to finalize the trade arrangement reached last year.
- Until the Country's 250th Birthday, the European Union has until July 4 to fulfill its side of the deal; otherwise, Trump warned that tariffs would immediately jump to much higher levels.
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59 Articles
The US president warned Ursula von der Leyen in a phone call that if the agreements are not met, tariffs on Europe will increase to unimaginable heights.
US President Trump has called on the European Union to implement a trade agreement agreed last year. Should this not happen by 4 July, he is threatening to impose new sanctions.
saarbruecker-zeitung.de
wiwo.deNot a week has passed after US President Trump announced a strong increase in tariffs on cars and trucks from the EU. Now he is giving the European partners a little more time.
Trump says EU has until July 4 to approve last year's trade deal or it will face higher tariffs
President Trump said that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year's trade framework by July 4.
WASHINGTON.– U.S. President Donald Trump again this Thursday raised pressure on the European Union (EU) by issuing an ultimatum to the 27 member countries to approve by July 4 the trade agreement reached last year or to face a new tariff hike on all their products exported to U.S. territory.The Republican president announced the warning on his Truth Social network after maintaining what he described as a “great conversation” with the president o…
U.S. President Donald Trump has once again raised tension with the European Union. He has launched an ultimatum to put an end to the trade differences between the two powers. Either the European Union abolishes tariffs on U.S. products by July 4 or Washington will “shoot” taxes on goods imported from Europe. Continue reading
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