Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by new deadline

U.S. President Donald Trump speaks during a Small Business Summit in the East Room at the White House in Washington, D.C., U.S., May 4, 2026. Kylie Cooper | Reuters President Donald Trump has said he will give the European Union until July 4 to ratify its trade agreement with the U.S., threatening to raise tariffs to "much higher" levels if the 27-nation bloc fails to do so. …