EU to meet Trump's July 4 tariff deadline on industrial goods
The European Union is on track to fulfill President Donald Trump's deadline of July 4 for eliminating import tariffs on American industrial products, following the European Parliament's approval of the last significant legislative requirement. Trump had warned of "much higher" tariffs if no action was taken by the EU. Additionally, the EU has prolonged the duty-free importation of US lobsters, a small agreement made during Trump's first term. Final approval from EU member states is anticipated on June 26, wrapping up a year-long ratification effort. This development comes nearly 11 months after Trump's original warning. A trade agreement was reached between European Commission President Ursula von der Leyen and Trump on July 27, 2025, in Turnberry, Scotland.
Key facts
- EU to remove import duties on US industrial goods by July 4
- Trump threatened 'much higher' tariffs if deadline not met
- European Parliament cleared last legislative hurdle
- EU extended duty-free imports of US lobsters
- EU countries expected to give final nod on June 26
- Ratification process took nearly a year
- Trump and Ursula von der Leyen shook hands on trade deal in Turnberry, Scotland on July 27, 2025
- Photo credit: Reuters
Entities
Institutions
- European Union
- European Parliament
- Reuters
Locations
- Turnberry
- Scotland
- United Kingdom