The US and the European Union announced the trade framework on Sunday after meetings between President Donald Trump and European Commission chief Ursula von der Reyen.
“It was a very interesting negotiation. I think it’s great for both parties,” Trump said after talks at a golf course resort near Turnbury, Scotland.
For months he has threatened most of the world with sudden tariffs in the hopes of reducing the massive US trade deficit with many major trading partners.
The US and the EU appeared to be approaching a deal earlier this month to ease the tariff duel prospects, but instead Trump threatened the 30% tariff rate.
The agreement comes before the Trump administration’s deadline to impose tariffs on Friday.
This is a news update. Previous stories about the AP are as follows:
President Donald Trump met with European Commission’s Ursula von der Leyen on Sunday, taking a break from Scotland’s golf and discussing trade in sought an agreement on tariff charges with the White House deadline to impose a strict import tax coming up this week.
Trump continued his golf weekend at the Turnberry course on Scotland’s southwest coast, along with a group that includes his sons Eric and Donald Jr. and his wife.
The Republican president waved to reporters and heard questions shouting about the prospect of reaching European Union deals during a private afternoon meeting with von der Leyen, but he did not submit a comment. Trump’s five-day visit to Scotland is built around golf and promotes the property with his name.
A small group of demonstrators on the course waving the American flag and raised signs criticizing British Prime Minister Kiel Starmer, who is planning a turnberry meeting with Trump on Monday. Other voices can be heard chanting in cheering on “Trump! Trump!” When he played nearby.
On Tuesday, Trump is in Aberdeen, northeastern Scotland, where his family will hold another golf course and open a third next month. The president and his son will help cut ribbons on a new course.
For months, Trump has threatened much of the world with sudden tariffs in the hopes of reducing the massive US trade deficit with many major trading partners. The EU is no exception.
“We have a 50-50 chance, and perhaps less than that, but we have a 50-50 chance to do business with the EU.” He also suggested that the bloc of 27 member states must “buy” the currently scheduled tariff rate of 30%.
The Von Der Leyen was scheduled to join Maros Sefcovic, the EU’s leading trade negotiator. Bjorn Sebert, head of von der Leyen’s cabinet. Sabine Wyand, the commission’s trade director, and Thomas Bart, director of trade and agriculture for the EU delegation to the US, planned a press conference after the consultation.
The US and the EU appeared to have approached trading earlier this month, but Trump instead threatened a 30% tariff rate. The deadline for the Trump administration to begin impose tariffs has changed in recent weeks, but is now set to Friday.
“There’s no expansion, there’s no more bounty period. On August 1st, tariffs are set, they’re going, customs start collecting money, we’re going,” U.S. Secretary of Commerce Howard Lutnick told “Fox News Sunday.” But he later added, “People can still talk to President Trump, meaning he’s always willing to listen.”
Lutnick said the EU “have to do business and wants to do business, and they’re flying to Scotland to do business with President Trump. The problem is that we’ll provide President Trump with enough deals worthy of leaving the 30% tariffs he set.”
Without an agreement, the EU says it is ready to retaliate with tariffs on hundreds of American products, ranging from beef and auto parts to beer and Boeing planes.
If Trump is ultimately superior to his tariff threats on Europe, it could be more expensive in the US, from French cheese and Italian leather products to German electronics and Spanish medicines.
After President Donald Trump announced Wednesday that his administration would raise China’s tariffs to 125%, Treasury Secretary Scott Bescent accused China of intensifying trade tensions and issued a warning to countries considering retaliation.
Trump recently thought there was a 25% chance of reaching a framework with Japan, but the allies announced an agreement last week.
His focus on trade follows him to Scotland. On Saturday, he posted a true social platform. He ended up blocking trade deals between the US, Cambodia and Thailand due to violent clashes in long-deducted border areas.
Trump wrote that he spoke with Cambodian Prime Minister Hun Manet to Thai Prime Minister Hun Sam Wechayachai to seek a ceasefire. The two countries said they would like to return to the ‘trading table’ with the US. I think this is inappropriate until the battle stops.
Meanwhile, the US and the UK announced their trade framework last May and announced a massive agreement at seven conferences held in Canada. Trump says the deal will be concluded and he and Starge will discuss other issues, but suggests the White House still needs to hone.
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