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Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by new deadline

CNBC · May 8, 2026, 7:32 AM · Also reported by 4 other sources

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  • President Donald Trump has said he will give the European Union until July 4 to ratify its trade agreement with the U.S., threatening to raise tariffs to "much higher" levels if the 27-nation bloc fails to do so.
  • "I've been waiting patiently for the EU to fulfill their side of the Historic Trade Deal we agreed in Turnberry, Scotland, the largest Trade Deal, ever!

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President Donald Trump has said he will give the European Union until July 4 to ratify its trade agreement with the U.S., threatening to raise tariffs to "much higher" levels if the 27-nation bloc fails to do so.

In a post on Truth Social late Thursday, Trump issued a new trade deadline during a "great call" with European Commission President Ursula von der Leyen, one in which he said both leaders agreed Iran can never possess a nuclear weapon.

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