EU Races to Finalize US Trade Deal to Avoid More Trump Tariffs

European Union officials will meet Tuesday in an effort to finalize legislation for the bloc’s trade deal with the US. Failure to reach an agreement means the EU risks missing President Donald Trump’s July 4 deadline to have the accord in place.

Trump previously threatened to hike tariffs on European auto imports to 25% from 15% because the EU hadn’t moved quickly enough to implement the deal, which was signed nearly a year ago.

The disagreement threatens to send transatlantic relations to a new low and could trigger a fresh round of tariff escalation between the allies. The European ...