EU Fails to Finalize US Trade Deal, Risking New Tariffs on Cars

May 7, 2026, 6:39 AM UTC

The European Union failed to finalize a long-delayed US trade deal during overnight talks, despite warnings from President Donald Trump that he would soon impose fresh tariffs.

Negotiators from the European Parliament and EU countries met Wednesday night to discuss potential amendments to the transatlantic deal, which was initially struck in July. But they didn’t make any conclusive decisions, according to Cyprus, which holds the EU’s rotating presidency.

Read More: US to Adopt 25% Car Levy ‘Soon’ Unless EU Clears Trade Deal

Talks will continue in the coming weeks.

Officials are “committed to moving swiftly,” Cypriot Energy Minister Michael ...

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