"Donald Trump has said the EU must ratify its trade deal with the US by 4 July or face much higher tariffs, after European officials fell short of agreement on the pact. Trump said he spoke to the EU chief, Ursula von der Leyen, about the issue and, he posted on his Truth Social platform, agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels."
"The 27-member EU bloc and the US struck a deal last July, setting tariffs on most European goods at 15%. But Trump has been dissatisfied at the speed of its implementation. The situation became more complicated after the US supreme court ruled in February that Trump had exceeded his authority in imposing a wide swathe of his tariffs, including on the EU. The Trump administration has since imposed a temporary 10% duty, while his administration pursues more lasting ways to rebuild his trade agenda."
"But the court ruling did not affect sector-specific tariffs like those on cars, which under the EU agreement had been lowered to 15%. As the deal still awaits signoff by EU member states, Trump vowed last week to raise duties on EU cars and trucks to 25%, accusing the bloc of failing to hold up its side of the bargain."
"Von der Leyen said Thursday that the bloc had made good progress towards ratifying the deal by early July. We remain fully committed, on both sides, to its implementation, she added on X. Cyprus, which holds the rotating presidency of the Council of the European Union, said it wanted to maintain positive momentum at talks with MEPs on 19 May."
The US has demanded that the EU ratify a trade deal by 4 July or face much higher tariffs. Donald Trump said he spoke with Ursula von der Leyen and offered an extended deadline tied to the US 250th birthday, warning that tariffs would immediately rise. The EU has stated it made good progress toward ratification by early July and remains committed to implementation. The US and EU agreed last July to set tariffs on most European goods at 15%, but Trump has criticized slow implementation. A February US Supreme Court ruling limited some tariff authority, leading to a temporary 10% duty while sector-specific tariffs such as cars remain at 15%. Trump has threatened to raise car and truck tariffs to 25% if the EU does not meet its obligations.
Read at www.theguardian.com
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