The European Union is finally ready to implement the trade deal it struck with the United States almost a year ago, heading off a slew of new tariffs that Washington had threatened to introduce on July 4.

The EU hopes Tuesday to strike a deal towards implementing its nearly year-old trade pact with the United States -- with an increasingly impatient Donald Trump threatening steep…

EU negotiators aim to eliminate U.S. import duties to prevent Trump's tariff hike ahead of the July 4 deadline.