BRUSSELS, Belgium: After satisfying Donald Trump’s calls for Europe to ramp up defense spending in NATO, EU leaders in Brussels turned Thursday to the next big challenge ahead: how to seal a trade deal with the US leader. Time is running out. The European Union has until July 9 to reach a deal or see swingeing tariffs kick in on a majority of goods, unleashing economic pain.

European Commission expects to hear on Thursday whether leaders want quick trade deal or tough reaction

BRUSSELS, Belgium: After satisfying Donald Trump’s calls for Europe to ramp up defense spending in NATO, EU leaders in Brussels turned Thursday to the next big challenge ahead:…

NATO's agreement to boost defense spending has solved the main trade issue between the European Union and the U.S., EU's Antonio Costa told CNBC.