President Donald Trump has warned the European Union that tariffs on EU goods could rise sharply if the bloc fails to finalize a trade agreement with the United States by July 4.
In a Truth Social post, Trump said he spoke with European Commission President Ursula von der Leyen and agreed to extend the deadline for the EU to ratify the deal reached last year in Scotland. Trump accused the EU of failing to honor its commitment to reduce tariffs on American goods to zero.
Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by new deadline https://t.co/7Dgqt8wEuQ
— CNBC (@CNBC) May 8, 2026
The report said Trump recently threatened to raise tariffs on European cars and trucks to 25%, although it remains unclear whether future tariff hikes would apply broadly or only to the auto sector.
Von der Leyen said the EU remains committed to the agreement and that progress is being made on tariff reductions. According to reports, negotiators are expected to resume talks on May 10 as both sides try to avoid a broader trade conflict.
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