US President Donald Trump has warned the European Union that it must fulfil its obligations under last year's trade deal by 4 July or face higher tariffs on its goods. The agreement, reached at Trump's Turnberry golf course in Scotland, set levies on most European goods at 15 per cent.
Trump's Ultimatum
On Friday, Trump threatened to increase tariffs on EU cars and trucks to 25 per cent, accusing the bloc of failing to comply with the terms of the deal struck last July. In a post on Truth Social, he wrote: "I've been waiting patiently for the EU to fulfill (sic) their side of the Historic Trade Deal we agreed in Turnberry, Scotland, the largest Trade Deal, ever!"
He added: "A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO! I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels. Thank you for your attention to this matter."
Background of the Deal
The trade deal, which Trump has repeatedly described as historic, was intended to reduce trade barriers between the US and the EU. However, tensions have persisted, with the US administration claiming that the EU has not fully implemented its commitments. The new deadline of 4 July, which coincides with America's 250th Independence Day, adds urgency to the negotiations.
This is a breaking news story. More details are expected to emerge as the situation develops.
