The USA and the European Union introduced a commerce framework Sunday after a gathering between U.S. President Donald Trump and European Fee chief Ursula von der Leyen.
Trump informed reporters that the deal features a 15 per cent tariff on EU items coming into the U.S. and consists of commitments for the EU to buy some U.S. vitality merchandise and navy tools.
European Fee President Ursula von der Leyen confirmed the settlement would come with 15 per cent tariffs throughout the board, and added that the framework would assist rebalance commerce between the 2 massive buying and selling companions.
“It was a really attention-grabbing negotiation. I feel it’s going to be nice for each events,” Trump mentioned after the talks at his golf course resort close to Turnberry, Scotland.
For months, he has threatened a lot of the world with steep tariffs in hopes of shrinking massive U.S. commerce deficits with many key buying and selling companions.
The U.S. and EU appeared near a deal earlier this month to ease the prospect of dueling tariffs, however Trump as an alternative threatened a 30% tariff fee.
The settlement comes earlier than a Trump administration deadline to impose tariffs on Friday.
Trump headed into high-stakes talks Sunday with a high European official demanding fairer commerce with the 27-member European Union and threatening steep tariffs to realize that whereas insisting america is not going to go beneath 15 per cent import taxes.
Make-or-break talks might head off punishing U.S. tariffs and promised retaliation from Europe that might ship shock waves by economies across the globe.
Von der Leyen, seated subsequent to Trump at his golf resort on the Scottish coast, referred to as for a rebalancing of bilateral commerce value billions of {dollars} between the very important companions. Chatting with reporters earlier than their personal assembly, she and Trump put the probabilities of reaching an settlement at 50-50 as Friday’s White Home deadline neared.
“That is greater than every other deal,” Trump mentioned. He steered they might reduce a deal in simply a short while.
Trump referred to as von der Leyen “extremely revered” and assembly together with her at his Turnberry golf course, the place he performed within the morning, was an honor. “The primary sticking level,” the Republican president mentioned, was ”equity.”
President Donald Trump meets European Fee President Ursula von der Leyen on the Trump Turnberry golf course in Turnberry, Scotland Sunday, July 27, 2025. (AP Picture/Jacquelyn Martin).
For months, Trump has threatened a lot of the world with massive tariffs in hopes of shrinking main U.S. commerce deficits with many key buying and selling companions, together with the EU.
Get breaking Nationwide information
For information impacting Canada and world wide, join breaking information alerts delivered on to you after they occur.
Trump has hinted that any cope with the EU must “purchase down” the at present scheduled tariff fee of 30 per cent. Through the remarks earlier than the media Sunday, he pointed to a latest U.S. settlement with Japan that set tariff charges for a lot of items at 15 per cent and steered the EU might conform to one thing related.
Requested if he could be prepared to simply accept tariff charges decrease than that, Trump mentioned “no.”
Their assembly got here after Trump performed golfed for the second straight day at his Turnberry course on the southwest coast of Scotland, this time with a bunch that included sons Eric and Donald Jr. The president’s five-day go to to Scotland is constructed round golf and selling properties bearing his title.
US President Donald Trump performs golf at his Trump Turnberry golf course in South Ayrshire, throughout his five-day personal journey to the nation. Image date: Sunday July 27, 2025. (PA Picture: Jane Barlow/PA Wire).
A small group of demonstrators on the course waved American flags and raised an indication criticizing British Prime Minister Keir Starmer, who plans his personal Turnberry assembly with Trump on Monday. Different voices could possibly be heard cheering and chanting “Trump! Trump!” as he performed close by.
On Tuesday, Trump will probably be in Aberdeen, in northeastern Scotland, the place his household has one other golf course and is opening a 3rd subsequent month. The president and his sons plan to assist reduce the ribbon on the brand new course.
Becoming a member of von der Leyen had been Maros Sefcovic, the EU’s chief commerce negotiator; Björn Seibert, the pinnacle of von der Leyen’s Cupboard; Sabine Weyand, the fee’s directorate-general for commerce, and Tomas Baert, head of the commerce and agriculture on the EU’s delegation to the U.S.
The U.S. and EU appeared near a deal earlier this month, however Trump as an alternative threatened the 30 per cent tariff fee. The deadline for the Trump administration to start imposing tariffs has shifted in latest weeks however is now agency, the administration insists.
“No extensions, no extra grace intervals. Aug. 1, the tariffs are set, they’ll go into place, Customs will begin gathering the cash and off we go,” U.S. Commerce Secretary Howard Lutnick informed “Fox Information Sunday.” He added, nevertheless, that even after that “folks can nonetheless speak to President Trump. I imply, he’s at all times prepared to hear.”
Lutnick mentioned the EU “must make a deal and needs to make a deal and they’re flying to Scotland to make a cope with President Trump. The query is do they provide President Trump a adequate deal that’s value it for him to step off of the 30 per cent tariffs that he set.”
President Donald Trump meets European Fee President Ursula von der Leyen on the Trump Turnberry golf course in Turnberry, Scotland Sunday, July 27, 2025. (AP Picture/Jacquelyn Martin).
With out an settlement, the EU says it’s ready to retaliate with tariffs on a whole bunch of American merchandise, starting from beef and auto elements to beer and Boeing airplanes.
If Trump ultimately makes good on his menace of tariffs in opposition to Europe, it might make every little thing from French cheese and Italian leather-based items to German electronics and Spanish prescription drugs costlier in america.
The U.S. and Britain, in the meantime, introduced a commerce framework in Might and a bigger settlement final month in the course of the Group of Seven assembly in Canada. Trump says that deal is concluded and that he and Starmer will talk about different issues, although the White Home has steered it nonetheless wants some sharpening.
© 2025 The Canadian Press
