Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
President Donald Trump on Thursday threatened the European Union (EU) with steeper tariffs if the bloc fails to ratify its trade agreement with Washington by July 4, raising pressure on Brussels as implementation of the pact drags on.
“I agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels,” Trump said in a Truth Social post after what he described as a “great call’ with European Commission President Ursula von der Leyen.

Don’t Miss:
The warning comes despite both sides publicly signaling progress on the deal, which was struck last July and set tariffs on most European goods at 15%.
Von der Leyen struck a more conciliatory tone in a post on X, saying the two leaders had discussed Middle East tensions and agreed that Iran “must never possess a nuclear weapon.” She also said the two sides remained committed to implementing the trade pact.
“Good progress is being made towards tariff reduction by early July,” she wrote.
I had a very good call with @POTUS.
We discussed the situation in the Middle East and our close coordination with regional partners.
We are united that Iran must never posses a nuclear weapon. Recent events have clearly shown that the risks to regional stability and global…
— Ursula von der Leyen (@vonderleyen) May 7, 2026
Trending: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time
Trump Ramps Up Pressure On Brussels
Trump said the EU had failed to uphold commitments made under the “historic” trade agreement negotiated in Turnberry, Scotland, including a pledge to cut tariffs on U.S. industrial goods to zero and provide duty-free quotas on certain American farm and sea produce
“I’ve been waiting patiently for the EU to fulfill their side of the Historic Trade Deal,” he wrote.
The July 4 deadline carries symbolic significance, marking 250 years since the American colonies declared independence from Britain.
Trump has increasingly criticized the pace of implementation in recent weeks and last week vowed to raise tariffs on European cars and trucks to 25%.
See Also: Skip the Regrets: The Essential Retirement Tips Experts Wish Everyone Knew Earlier.
Legal, Political Hurdles Delay Deal
The agreement still requires approval from the EU’s 27 member states before it can formally take effect.