Trump gives EU until July 4 to ratify deal or face tariff hike

AI Summary

President Trump has issued a deadline for the European Union to ratify a trade deal by July 4, warning of impending tariff increases otherwise. This ultimatum follows stalled negotiations regarding the agreement between the US and EU.

US President Donald Trump on Thursday said the European Union must ratify its trade deal with the United States by July 4 or face “much higher” tariffs, after European officials fell short of agreement on the pact. The US president said he spoke to EU chief Ursula von der Leyen about the issue and “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels”. The Fourth of July holiday this year marks 250 years since the...