The US president made the demand during a meeting between US and EU officials on Tuesday, according to a source familiar with the talks.

Card providers would be allowed to set their own contactless card payment limit, under the regulator's plans.

Ahead of the Autumn budget, the chancellor is limiting access to the Treasury's emergency funds.

It's a setback for the White House in an unprecedented legal battle over the central bank's independence.

It will amount to the biggest test of Trump's presidential authority and his signature economic policy.