Trump walks back threat to rip up part of EU trade deal but tells bloc to ratify by 4 July

US president expresses impatience at speed of EU’s implementation and warns of ‘much higher’ tariffsUS trade court rules against Trump’s 10% global tariffsBusiness live – latest updatesDonald Trump has walked back from his threat to tear up part of the US trade deal with the EU by hiking tariffs on car imports.The US president has given the EU until 4 July to implement its side of the deal, reducing tariffs to zero on most American imports, warning that the bloc would face “much higher” tariffs if it did not do so. Continue reading...