European Parliament approves trade deal with the U.S. after Trump threatens higher tariffs

The European Parliament finally ratified a long-delayed trade deal with the U.S. after President Trump issued a stern warning about imposing higher tariffs on European goods by July 4. This agreement, initially agreed upon a year ago, faced numerous delays, but the threat of increased tariffs pushed the parliament to act. This deal is significant as it aims to boost trade relations and economic cooperation between the two major economic blocs, potentially preventing a trade war that could have had far-reaching repercussions on global markets.