US warns EU it will revert to higher tariffs if Brussels misses July 4 deadline
The US trade representative has formally warned the European Union that tariffs on EU goods will revert to Trump-era highs if Brussels does not ratify the new trade framework by July 4. The bloc will weigh its response in the coming days.
The Office of the US Trade Representative has formally told the European Union that tariffs on EU goods will revert to the high levels Trump first imposed unless Brussels ratifies the new trade framework by July 4. The notice followed a US trade court ruling that struck down Trump's global tariff policy as illegal.
The move is expected to hit Europe's most exposed export sectors hardest, including autos, steel and wine. Major economies such as Germany, France and Italy are caught between locking in market access through a swift agreement and resisting what some governments view as a public concession to Trump.
Washington insists the administration will prevail on appeal. Markets reacted cautiously: the euro slipped against the dollar and European exporters underperformed in early trading. An EU leaders' summit is expected in the coming weeks to decide whether to ratify or escalate.
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