Trump sets July 4 deadline for EU tariff hike decision

US President Donald Trump has given the European Union until a certain date to comply with a proposed trade deal, warning that tariffs on the bloc will increase if the deal is not fulfilled. Trump made the announcement after a call with European Commission President, stating that the EU has yet to finalise the trade deal as agreed upon. The US has already levied a 10 percent tariff on most goods imported from the EU, aiming to put in new tariffs to make up for lost revenues.