Trump gives 4 July ultimatum to EU to approve trade deal with US
Summary
President Donald Trump gave the European Union (EU) a deadline of July 4 to remove its tariffs on US goods. If the EU does not meet this deadline, Trump warned he will raise US tariffs on European products to much higher levels. The EU says it is making good progress on reducing tariffs before the deadline.Key Facts
- President Trump wants the EU to cut tariffs on US goods to zero by July 4.
- If not, he will raise US tariffs on EU goods to much higher rates.
- The EU and US reached a trade deal last July to reduce tariffs.
- The deal would have US tariffs on EU steel and aluminum at 15%, instead of Trump's earlier threat of 30%.
- The European Parliament gave conditional approval to the deal in March, requiring safeguards to ensure the US complies.
- The deal still needs approval from all 27 EU member countries.
- EU and European Parliament negotiators say progress is being made but some issues remain.
- Trump has also threatened to raise tariffs on EU trucks and cars to 25%.
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