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LOW IMPACT ForexLive · May 7, 07:16 PM

Trump: Agreed to give Von Der Leyen until July 4 to fulfill trade agreement

Trump: Had a great call with the president of European commission Von Der Leyen says that Europe and US are completely united that Iran can never have a nuclear weapon. Agreed to give EU until July 4 to fulffill trade agreements or unfortunately there tariffs would immediately jump to much higher levels The full TruthSocial post: I had a great call with The President of the European Commission, Ursula von der Leyen. We discussed many topics, including that we are completely united that Iran can

SIGNALPRO AI · WHAT'S LIKELY TO HAPPEN
BEARISH 75% confidence

The deadline for the EU to fulfill trade agreements may lead to increased volatility in forex markets, particularly affecting USD/EUR pairs. If tariffs are implemented, the USD may strengthen against the EUR.

AI-generated analysis. For educational purposes only — not financial advice.

Trump: Had a great call with the president of European commission Von Der Leyen says that Europe and US are completely united that Iran can never have a nuclear weapon. Agreed to give EU until July 4 to fulffill trade agreements or unfortunately there tariffs would immediately jump to much higher levels The full TruthSocial post: I had a great call with The President of the European Commission, Ursula von der Leyen. We discussed many topics, including that we are completely united that Iran can never have a Nuclear Weapon. We agreed that a regime that kills its own people cannot control a bomb that can kill millions. I’ve been waiting patiently for the EU to fulfill their side of the Historic Trade Deal we agreed in Turnberry, Scotland, the largest Trade Deal, ever! A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO! I agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels. Thank you for your attention to this matter. President DONALD J. TRUMP Recall, on May 1, 2026, President Trump announced he was raising tariffs on cars and trucks from the European Union to 25%, claiming the bloc had failed to fully comply with a trade agreement negotiated with the US. Trump made the announcement via Truth Social, stating: "Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States." The White House said the changes would be made under Section 232. The EU rejected the claim that it was not in compliance, with a European Commission spokesperson saying the bloc remains "fully committed to a predictable, mutually beneficial transatlantic relationship." For context, the prior trade agreement — known as the Turnberry Agreement — had set a tariff ceiling of 15% on most EU goods, though a Supreme Court ruling earlier this year had complicated the tariff framework. This article was written by Greg Michalowski at investinglive.com.

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