President Donald Trump has set a July 4th deadline for the European Union to fulfill its part of a trade deal. Failure to comply could result in significantly higher U.S. tariffs.

US President Donald Trump said he had a "great ​call" with European Commission President Ursula von der Leyen on Thursday and would give the EU until July ​4 ‌to fulfill its side of the trade deal before hiking US tariffs to much higher levels.