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Trump, EU Chief Seek Deal In Transatlantic Tariffs Standoff

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International Business Times Fews App News Provider
Fews App Post Time 6h ago

US President Donald Trump has said he sees a '50-50' chance of agreeing on a trade deal with the European Union AFP President Donald Trump and EU chief Ursula von der Leyen meet Sunday in Scotland in a decisive push to resolve a months-long transatlantic trade standoff -- with the US leader putting the chances of a deal at one in two. The clock is ticking with Trump vowing to hit dozens of countries with punitive tariffs unless they hammer out a pact with Washington by August 1 -- with the EU facing an across-the-board levy of 30 percent. Von der Leyen's European Commission, negotiating on behalf of the EU's 27 countries, has been pushing hard for a deal to salvage a trading relationship worth an annual 1.

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