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, looking for to succeed in 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 are able to maintain them sturdy.”
Trump later confirmed the assembly would happen as he arrived in Scotland on Friday night, saying “we’ll see if we are able to make a deal.”
“I feel we’ve an excellent 50/50 probability. That is so much,” 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 think about countermeasures as a part of its response.
The U.S. and EU have the most important bilateral commerce and funding relationship on the earth, representing nearly 30% of world commerce in items and providers, and accounting for 43% of world gross home product (GDP), in line 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.Ok. Prime Minister Keir Starmer.
In contrast to the EU, the U.Ok. not too long ago 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 warfare from Aug. 1 have been buoyed not less than partly by the latest 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 price of 15%.
Jack Allen-Reynolds, deputy chief euro zone economist at Capital Economics, stated Friday {that a} comparable framework for the EU is likely to be seen as case the place a nasty deal is healthier than no deal.
“Experiences this week counsel that the EU and US are on the point of agreeing a commerce cope with a 15% baseline tariff on US imports from the bloc. It is onerous to spin it as an excellent deal, however it will not less than keep away from a lot larger US tariffs and retaliation from the EU,” Allen-Reynolds stated in a analysis word.
— CNBC’s Silvia Amaro contributed to this report.
