Trump: Agreed to give Von Der Leyen until July 4 to fulfill trade agreement
Trump:
- Had a great call with the president of European commission Von Der Leyen
- says that Europe and US are completely united that Iran can never have a nuclear weapon.
- Agreed to give EU until July 4 to fulffill trade agreements or unfortunately there tariffs would immediately jump to much higher levels
Recall, on May 1, 2026, President Trump announced he was raising tariffs on cars and trucks from the European Union to 25%, claiming the bloc had failed to fully comply with a trade agreement negotiated with the US.
Trump made the announcement via Truth Social, stating: "Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States." The White House said the changes would be made under Section 232.
The EU rejected the claim that it was not in compliance, with a European Commission spokesperson saying the bloc remains "fully committed to a predictable, mutually beneficial transatlantic relationship." For context, the prior trade agreement — known as the Turnberry Agreement — had set a tariff ceiling of 15% on most EU goods, though a Supreme Court ruling earlier this year had complicated the tariff framework.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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