• US President Donald Trump threatened the EU with higher tariffs if it does not fulfill its part of the trade deal by July 4.
  • Trump said he has patiently waited for the EU to deliver on its promise to reduce tariffs to zero.
  • The threat followed what he described as a very good conversation with European Commission President Ursula von der Leyen.
  • Last week, Trump already announced an increase in tariffs on EU car imports to 25 percent.
  • The agreement to eliminate tariffs was reached nine months ago but has not yet been fully implemented.

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