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 post 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 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 believe now we have a great 50/50 probability. That is loads,” he added.
It comes amid a way of growing optimism in regards to 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 contemplate countermeasures as a part of its response.
The U.S. and EU have the biggest bilateral commerce and funding relationship on the planet, representing nearly 30% of worldwide commerce in items and companies, and accounting for 43% of worldwide gross home product (GDP), according to EU figures.
Trump’s four-day and golf-heavy Scotland visit can also be anticipated to see him maintain a casual assembly with U.Okay. Prime Minister Keir Starmer.
Not like the EU, the U.Okay. lately struck a trade 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 conflict from Aug. 1 have been buoyed no less than partially by the recent announcement of a framework settlement between the U.S. and Japan.
The U.S.-Japan deal, which Trump described in a social media post as “maybe the biggest Deal ever made,” features a baseline tariff fee of 15%.
Jack Allen-Reynolds, deputy chief euro zone economist at Capital Economics, said Friday {that a} related framework for the EU is likely to be seen as case the place a nasty deal is best than no deal.
“Stories 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 onerous to spin it as a great deal, however it might no less than keep away from a lot increased US tariffs and retaliation from the EU,” Allen-Reynolds stated in a analysis notice.
— CNBC’s Silvia Amaro contributed to this report.