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May 7, 2026
Trump Sets July 4 Deadline for EU Trade Deal or Higher Tariffs
- President Trump has given the EU until July 4 to finalize a trade deal.
- If the agreement is not ratified, tariffs on EU cars and trucks could rise to 25%.
- EU officials report progress in negotiations but acknowledge more work is needed before the deadline.
2 Sources
- Trump threatens European Union with July 4 deadline on tariffsMay 7, 2026 at 8:01 PM · The Hill
- Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by new deadlineMay 8, 2026 at 7:32 AM · CNBC