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U.S.-EU Trade Tensions Rise Over Tariff Dispute
President Donald Trump has warned the European Union that tariffs on EU goods could rise sharply if the bloc fails to finalize a trade agreement with the United States by July 4. In a Truth Social post, Trump said he spoke with European Commission President Ursula von der Leyen and agreed to extend the deadline for the EU to ratify the deal reached last year in Scotland. Trump accused the EU of failing to honor its commitment to reduce tariffs on American goods to zero. The report said Trump recently threatened to raise tariffs on European cars and trucks to 25%, although it remains unclear whether future tariff ... (full story)
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- May 8, 2026 11:23am Posted byFundamental Analysis12,830
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