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Trump gives 4 July ultimatum to EU to approve trade deal with US
Key takeaways
- Rachel Clun Business reporter Reuters President Donald Trump has threatened "much higher" tariffs on the European Union (EU) by 4 July if the bloc fails to drop its levies on the US to zero.
- After a phone call with European Commission President Ursula von der Leyen, Trump said the EU had signed a "historic trade deal" with the US and agreed to cut its tariffs.
- "I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels," he wrote on social media.
Why this matters: a developing story that could shape the day's news cycle.
Rachel Clun Business reporter Reuters President Donald Trump has threatened "much higher" tariffs on the European Union (EU) by 4 July if the bloc fails to drop its levies on the US to zero.
After a phone call with European Commission President Ursula von der Leyen, Trump said the EU had signed a "historic trade deal" with the US and agreed to cut its tariffs.
"I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels," he wrote on social media.
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