EU lawmakers and member states reached a deal in the early hours of yesterday to implement the bloc’s nearly year-old trade pact with the US, with President 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 a majority of European goods at 15 percent, but to Trump’s frustration it had yet to make good on its pledge to scrap levies on most US imports in return.

Negotiators from the EU’s parliament and capitals wrangled late into the night, finally emerging several hours after midnight with news of a hard-fought agreement to move forward. “Today, the European Union delivers on its commitments,” Cyprus’s energy, commerce and industry minister Michael Damianos said.