US President Donald Trump threatened Tuesday to impose 35% tariffs on the European Union (EU) if the bloc does not invest the $600 billion it agreed to inject into the US economy.

Asked on CNBC what consequences the EU could face if it does not comply with its part of the trade agreement concluded with Washington by the end of July, the president warned that the EU-27"will then pay tariffs of 35%."

Trump also referred to the agreed-upon amount as a "gift" that his administration "can use to invest in whatever it wants."

The US-EU agreement reduces the tariffs Trump imposed on the bloc from 30% to 15% and will take effect on August 8, seven days later than planned.

The EU was one of the last players to reach a trade agreement with Washington, as reflected in Trump's executive order, which set tariffs on most European products at 15%.

This percentage was announced as part of an agreement between Trump and the president of the European Commission, Ursula von der Leyen, with which they sought to avoid a trade war and the threat of Washington imposing a general tariff on EU imports of 30%.

The pact also establishes"zero tariffs" on various products, as well as strategic European purchases valued at $750 billion in gas, oil, nuclear energy, and artificial intelligence chips; investments in the US economy of $600 billion; and an increase in purchases of US military equipment.