BRUSSELS ― European Fee President Ursula von der Leyen will meet Donald Trump on Sunday to debate commerce, because the U.S. president described the prospect of a cope with the EU as “50-50.”
“Following a superb name” with Trump, “we have now agreed to fulfill in Scotland on Sunday to debate transatlantic commerce relations, and the way we are able to maintain them robust,” she mentioned in a submit on X on Friday.
Three weeks in the past, the EU and U.S. nearly agreed on a deal for a ten % baseline tariff, however Trump pulled the rug out from below it by threatening 30 % tariffs as an alternative. A deadline of July 9 for Trump’s tariffs to kick in was moved to Aug. 1.
“I’d say that we have now a 50-50 probability, perhaps lower than that, however a 50-50 probability of constructing a cope with the EU,” Trump advised reporters on the White Home earlier than heading to the U.Okay. on a non-public go to and to fulfill with Prime Minister Keir Starmer.
EU diplomats briefed on the matter advised POLITICO they’re anticipating a 15 % deal earlier than Trump’s Aug. 1 deadline.
If Trump blocks a deal now within the works, the EU is able to retaliate, the diplomats advised POLITICO. One measure could be to impose tariffs on €93 billion value of U.S. items, which EU nations accredited on Thursday.
Trump introduced tariffs on 60 buying and selling companions in April, ranging as much as 50 %.