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EU, US could reach framework trade deal this weekend, EU officials say

  • On July 27, 2025, President Donald Trump and Ursula von der Leyen announced a trade deal in Scotland, capping tariffs at 15% and averting higher duties.
  • Context of threatened 30% tariffs and Brussels’ countermeasures shaped negotiations, setting the stage for a potential deal before Aug. 1.
  • Beyond duties, the pact secures billions in US energy and investment while exempting select goods, blending financial pledges with exemptions.
  • In response, EU leaders highlighted how the agreement stabilized transatlantic trade, with Friedrich Merz calling it a conflict aversion for exporters, while Ursula von der Leyen praised its rebalancing effect.
  • Future agreements may follow this template as the deal’s impact unfolds, and analysts say its success depends on rollout and market responses in the coming months, which could shape agreements with other partners.
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Irish Times broke the news in Dublin, Ireland on Friday, July 25, 2025.
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