President Donald Trump has set a July 4 deadline for the European Union to ratify a trade deal, warning of significantly higher tariffs if they fail to reach an agreement. He discussed the issue with EU chief Ursula von der Leyen.

US President Donald Trump on Thursday said the European Union must ratify its trade deal with the United States by July 4 or face “much higher” tariffs, after European officials fell short of agreement on the pact. The US president said he spoke to EU chief Ursula von der Leyen about the issue and “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels”. The Fourth of July holiday this year marks 250 years since the...