US EditionTrump to Meet with EU Leader in Scotland for Trade Talks
SCOTLAND, JUL 25 – Leaders aim to finalize a tariff deal with a 15% levy to prevent a trade war and reduce economic uncertainty caused by prior US threats, officials said.
- On Sunday, European Commission President Ursula von der Leyen meets with Donald Trump in Scotland, five days before the Aug. 1 deadline for tariffs, to discuss a trade deal.
- Negotiations followed a phone call and multi-day talks, aiming to head off a trade war.
- Draft terms show the EU will accept 15% tariffs on future US trade, up from a 10% levy introduced in early April, this past week.
- According to Mr Trump, `50-50 chance` of a deal with the EU, reflecting cautious stakeholder reactions.
- Under the proposal, future trade measures threaten duties on pharmaceuticals and semiconductors, with limited exemptions expected for aviation, medical devices, spirits and certain equipment, Bloomberg previously reported.
193 Articles
193 Articles
A result on the US-EU customs dispute has been waiting for days. This Sunday, the President of the Commission will meet Trump.
USA and EU appear to be on the verge of an agreement +++ Trump sees 50 percent chance for agreement +++ EU counter-tariffs would mainly meet German car manufacturers +++ all news in the live blog
Trump Arrives in Scotland for Golf and Bilateral Talks as EU Trade Deal Nears
EDINBURGH/LONDON, July 25 (Reuters) – U.S. President Donald Trump, dogged by questions about his ties to disgraced financier and sex offender Jeffrey Epstein, arrived in Scotland on Friday for some golf and bilateral talks that could yield a trade deal with the European Union.
Meeting tomorrow in Scotland, on the outskirts of President Tycoon's golf courses. In the end, the long-awaited bilateral between Ursula von der Leyen and Donald Trump takes place, but in the territory...
Can the EU still prevent Trump's 30-percent tariffs? Commissioner von der Leyen has an appointment with the US President on Sunday. "This is going to be good," said the Republican.
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