EU Finishes Race for US Trade Deal in Bow to Trump Demand

EU lawmakers and member states reached a deal in the early hours of Wednesday to implement the bloc's nearly year-old trade pact with the United States, with President Donald Trump threatening new tariffs unless it is done by July 4.

The 27-nation bloc struck an accord with Washington last July setting levies on most European goods at 15%, but a final version of the text still needed to be nailed down on the EU side – to Trump's growing frustration.

The compromise followed late-night negotiations between EU capitals and parliament negotiators.

European Commission president Ursula von der Leyen has welcomed the agreement.