U.S. President Donald Trump speaks throughout a Small Enterprise Summit within the East Room on the White Home in Washington, D.C., U.S., Could 4, 2026.
Kylie Cooper | Reuters
President Donald Trump has mentioned he’ll give the European Union till July 4 to ratify its commerce settlement with the U.S., threatening to lift tariffs to “a lot increased” ranges if the 27-nation bloc fails to take action.
In a publish on Reality Social late Thursday, Trump issued a brand new commerce deadline throughout a “nice name” with European Fee President Ursula von der Leyen, one wherein he mentioned each leaders agreed Iran can by no means possess a nuclear weapon.
The dialog passed off shortly after the U.S. president pledged to lift tariffs on automobiles and vehicles imported from the EU to 25%, accusing the bloc of not complying with the phrases of the deal struck at his golf course in Scotland final July.
“I have been ready patiently for the EU to satisfy their facet of the Historic Commerce Deal we agreed in Turnberry, Scotland, the biggest Commerce Deal, ever! A promise was made that the EU would ship their facet of the Deal and, as per Settlement, reduce their Tariffs to ZERO!” Trump mentioned.
“I agreed to present her till our Nation’s 250th Birthday or, sadly, their Tariffs would instantly soar to a lot increased ranges,” he added, referring to July 4.
It wasn’t instantly clear whether or not Trump was indicating that the tariffs would apply to all EU items or whether or not the rise would solely apply to autos. His newest feedback counsel that he’s backing away from final week’s menace to impose increased tariffs on automobiles and vehicles imported from the EU, nevertheless.
The EU’s von der Leyen mentioned through X that the bloc stays “totally dedicated” to the implementation of the commerce deal. She added that “good progress is being made in direction of tariff discount by early July.”
‘Nonetheless some approach to go’
Hours after Trump’s commerce menace towards the EU, a U.S. commerce courtroom dominated that Trump’s newest 10% world tariffs weren’t justified below U.S. regulation.
It marked a recent blow to the Trump administration’s commerce coverage after the Supreme Courtroom dominated earlier within the yr that the president couldn’t challenge even broader double-digit tariffs.
U.S. President Donald Trump shakes fingers with European Fee President Ursula von der Leyen, after an announcement of a commerce deal between the U.S. and EU, in Turnberry, Scotland, Britain, July 27, 2025.
Evelyn Hockstein | Reuters
The European Parliament’s chief commerce negotiator, Bernd Lange, mentioned Thursday that EU lawmakers and governments had made “good progress” to finalize a deal that might drop its levies on the U.S. to zero, however added that “there may be nonetheless some approach to go.”
Commerce negotiators are scheduled to fulfill once more on Could 10 for the following spherical of talks.
Chatting with Bloomberg earlier within the week, U.S. Commerce Consultant Jamieson Greer mentioned that he expects the EU to maintain “its facet of the commerce deal” that was agreed to in July final yr.
