Ursula von der Lin, head of the European Fee, stands on the European Parliament constructing and speaks.
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European Fee President Ursula von der Lin will meet the US President Donald Trump In Scotland in the course of the weekend, it seeks to achieve a framework commerce settlement shortly earlier than the beginning of a 30 % tariff on European Union imports.
in mail On the social media platform X on Friday, von der Layen of the European Union mentioned that she had agreed to fulfill the US President on Sunday to “focus on industrial relations by way of Atlantic, and the way we will preserve them sturdy.”
Trump later confirmed that the assembly might be held upon his arrival in Scotland on Friday night, saying, “We are going to see whether or not we will make a deal.”
“I believe we’ve got a very good alternative 50/50. It is a lot,” he added.
It comes amid a sense Increase optimism On the potential of an introductory penetration, as CNBC sources inform that the present fundamental standing state of affairs of a deal features a 15 % tariff on European Union imports to the USA
Trump threatened to impose a 30 % tariff on European Union items from August 1, prompting the European Union to look Counter -measures As a part of its response.
The USA and the European Union have the most important industrial and twin -investment relationship on this planet, which signify roughly 30 % of worldwide commerce in items and companies, and 43 % accounting of World GDP (GDP) accountable, According to the numbers of the European Union.
Trump for 4 days and heavy golf Visit Scotland Additionally it is anticipated that he’ll see him holding an off-the-cuff assembly with UK Prime Minister Kiir Starmer.
In contrast to the European Union, the UK just lately The most prominent commercial deal With the Trump administration, it focuses on an introductory foundation by 10 % on British items that attain the USA
US President Donald Trump arrives at Glasgow Breistwic Airport on July 25, 2025 in Brestoy, Scotland.
Andrew Harnik Getty Photographs Information | Gety photos
Hope Among the many United States and the European Union, the Atlantic Commerce Struggle was averted as of August 1, not less than earlier than The last announcement From a framework settlement between the USA and Japan.
The USA of Japan, which Trump described on social media mail Additionally, “maybe the most important deal ever”, features a fundamental tariff fee of 15 %.
Jacques Allen Reynolds, Vice President of Economists within the euro area at Capital Economics, He said Friday {that a} framework much like the European Union could also be seen as a situation during which a foul deal is best than the shortage of a deal.
“Stories this week point out that the European Union and the USA are about to agree on a commerce settlement with a 15 % fundamental tariff on US imports of the bloc. It’s tough to rotate as a very good deal, however it’s not less than avoiding excessive US tariffs and revenge on the European Union,” Allen Reynolds mentioned in a analysis observe.
Silvia Amaro of CNBC contributed to this report.
2025-07-26 07:58:00