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, searching for to succeed in a framework commerce settlement shortly earlier than a 30% tariff on EU imports comes into impact.
In a put up on social media platform X on Friday, the EU’s von der Leyen mentioned she had agreed to satisfy with the U.S. president on Sunday “to debate transatlantic commerce relations, and the way we are able to maintain them robust.”
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 got a superb 50/50 likelihood. That is so much,” he added.
It comes amid a way of rising optimism concerning the prospect of a tariff breakthrough, with sources telling CNBC that the present base-case state of affairs 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 this planet, representing virtually 30% of world commerce in items and companies, and accounting for 43% of world gross home product (GDP), based on 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.
In contrast to the EU, the U.Okay. lately struck a commerce cope 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 a minimum of 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 put up 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, mentioned Friday {that a} related framework for the EU could be seen as case the place a nasty deal is healthier than no deal.
“Studies this week counsel that the EU and US are getting ready to agreeing a commerce cope with a 15% baseline tariff on US imports from the bloc. It is exhausting to spin it as a superb deal, however it will a minimum of keep away from a lot increased US tariffs and retaliation from the EU,” Allen-Reynolds mentioned in a analysis observe.
— CNBC’s Silvia Amaro contributed to this report.
