• Donald Trump threatened the EU with ‘much higher’ tariffs by July 4 if the bloc fails to reduce its tariffs on US goods to zero.
  • Trump said he agreed with Ursula von der Leyen on a deadline until the US’s 250th birthday, otherwise tariffs would jump to higher levels.
  • Von der Leyen stated the EU is making ‘good progress towards tariff reduction’ ahead of Trump’s deadline.
  • A US trade court ruled Trump’s latest 10% global tariffs were not justified under US trade law.

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