Trump threatens 'much higher' tariffs on EU by 4 of July

Trump's deadline to the European Union came as a trade court ruled his global tariff policy violated US law.

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After a phone call with European Commission President Ursula von der Leyen, Trump said he agreed to give her until "our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels".

However, von der Leyen said the bloc was making "good progress towards tariff reduction" ahead of Trump's deadline.

Hours after the threat, a US trade court ruled Trump's latest 10% global tariffs were not justified under US trade law, which could allow future court challenges.

A trade deal was struck by von der Leyen and Trump in July last year, but progress on enacting it stumbled on Wednesday after talks between EU lawmakers and governments ended without an agreement.