Trump gives EU until July 4 to finalize trade deal or face higher tariffs

President Donald Trump has given the European Union until July 4 to ratify a trade deal reached last year, or face "much higher" tariffs. The deadline extends a previous timeline and includes a threat of increased tariffs if the EU does not approve the agreement by that date.

The deal, which was negotiated in 2018, aims to reduce trade barriers between the US and the EU. Trump's warning comes amid ongoing tensions over trade imbalances and tariffs on goods like steel and aluminum. The EU has not yet formally ratified the agreement.