Ursula von der Leyen (CDU), President of the European Fee, stands within the European Parliament constructing and speaks.
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European Fee President Ursula von der Leyen will meet with U.S. President Donald Trump in Scotland over the weekend, in search of to achieve a framework commerce settlement shortly earlier than a 30% tariff on EU imports comes into impact.
In a submit on social media platform X on Friday, the EU’s von der Leyen stated she had agreed to fulfill with the U.S. president on Sunday “to debate transatlantic commerce relations, and the way we will hold them robust.”
Trump later confirmed the assembly would happen as he arrived in Scotland on Friday night, saying “we’ll see if we will make a deal.”
“I believe we’ve 50/50 likelihood. That is loads,” he added.
It comes amid a way of rising optimism in regards to the prospect of a tariff breakthrough, with sources telling CNBC that the present base-case situation for a deal features a 15% tariff on EU imports to the U.S.
Trump has threatened to impose tariffs of 30% on EU items from Aug.1, prompting the EU to contemplate countermeasures as a part of its response.
The U.S. and EU have the most important bilateral commerce and funding relationship on the planet, representing nearly 30% of world commerce in items and companies, and accounting for 43% of world gross home product (GDP), in accordance with EU figures.
Trump’s four-day and golf-heavy Scotland go to can be anticipated to see him maintain a casual assembly with U.Okay. Prime Minister Keir Starmer.
Not like the EU, the U.Okay. lately struck a commerce deal with the Trump administration, one which is centered on a ten% tariff baseline on British items arriving within the U.S.
U.S. President Donald Trump arrives at Glasgow Prestwick Airport on July 25, 2025 in Prestwick, Scotland.
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Hopes of the U.S. and EU averting a transatlantic commerce battle from Aug. 1 have been buoyed at the very least partly by the current announcement of a framework settlement between the U.S. and Japan.
The U.S.-Japan deal, which Trump described in a social media submit as “maybe the most important Deal ever made,” features a baseline tariff charge of 15%.
Jack Allen-Reynolds, deputy chief euro zone economist at Capital Economics, stated Friday {that a} related framework for the EU may be seen as case the place a foul deal is healthier than no deal.
“Studies this week recommend that the EU and US are getting ready to agreeing a commerce take care of a 15% baseline tariff on US imports from the bloc. It is arduous to spin it as deal, however it will at the very least keep away from a lot larger US tariffs and retaliation from the EU,” Allen-Reynolds stated in a analysis observe.
— CNBC’s Silvia Amaro contributed to this report.
