Trump - Von Der Leyen meet about tariffs in Scotland
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President Donald Trump announced July 27 the United States had reached a trade deal with the European Union, days ahead of a self-imposed Aug. 1 deadline. Trump met with the EU's president, Ursula von der Leyen, during his trip to Scotland over the weekend, where the pair discussed terms and came to an agreement.
The United States and the European Union announced a trade framework Sunday after a meeting between President Trump and European Commission chief Ursula von der Leyen.
President Trump met with top European officials demanding fairer trade with the 27-member European Union at his golf course on the Scottish coast.
US President Donald Trump and EU chief Ursula von der Leyen confirm the deal after "tough negotiations" in Scotland.
President Trump met Ursula von der Leyen, the chief of the European Commission, in Scotland, and the two said they had an agreement on trade.
The 15% tariff would be lower than previously threatened but remains a high duty on America’s largest trading partner.
The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.
The deal, which includes a 15% tariff on EU goods entering the U.S. and significant EU purchases of U.S. energy and military equipment, will bring welcome clarity for EU companies though many in Europe will see it as a poor outcome.
Trump said the U.S. would impose 15 percent tariffs on imports from the 27-nation European Union, although the White House has yet to release specifics.
EDINBURGH, Scotland (AP) — The United States and the European Union reached a tariff deal Sunday after a brief meeting between President Donald Trump and European Commission chief Ursula von der Leyen. A White House deadline was days away for imposing punishing import taxes on the 27-member EU, which is America’s leading global trading partner.
The deal, which includes a 15% tariff on EU goods entering the U.S. and significant EU purchases of U.S. energy and military equipment, will bring welcome clarity for EU companies though many in Europe will see it as a poor outcome.
A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.