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

From cnbc.com

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. The conversation took place shortly after the U.S. president pledged to raise tariffs on cars and trucks imported from the EU to 25%, accusing the bloc of not complying with ... (full story)

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  • Category: Fundamental Analysis