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 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 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 feel we now have a superb 50/50 likelihood. That is loads,” 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 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 earth, representing virtually 30% of worldwide commerce in items and companies, and accounting for 43% of worldwide 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 an off-the-cuff assembly with U.Ok. Prime Minister Keir Starmer.
Not like the EU, the U.Ok. just 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 least partially 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 fee 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.
“Experiences 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 might at the least keep away from a lot larger US tariffs and retaliation from the EU,” Allen-Reynolds stated in a analysis notice.
— CNBC’s Silvia Amaro contributed to this report.