Trump, von der Leyen set to meet in Scotland to avoid war in EU-US trade talks
The post Trump, von der Leyen set to meet in Scotland to avoid war in EU-US trade talks appeared on BitcoinEthereumNews.com. European Commission President Ursula von der Leyen is meeting President Donald Trump on Sunday in Scotland, trying to hammer out a last-minute trade deal before U.S. tariffs on European Union goods hit 30% on August 1. The announcement came Friday after Ursula posted on X, saying the two had agreed to meet “to discuss transatlantic trade relations, and how we can keep them strong.” Trump confirmed the meeting the same day after landing in Scotland, telling reporters, “We’ll see if we can make a deal. I think we have a good 50/50 chance. That’s a lot.” The stakes are high. Trump’s warning about steep tariffs has pushed the EU to rush into a potential framework deal. Talks are leaning toward a 15% tariff baseline on EU goods coming into the U.S., matching the deal the Trump administration recently signed with Japan. That Japan agreement, which Trump described on social media as “perhaps the largest Deal ever made,” is now being used as a reference point for Europe. The EU is trying to avoid a trade war, but they’re also preparing for one if Sunday’s meeting fails. Trump’s tariff threat puts pressure on Brussels If the meeting falls apart, Brussels is ready to hit back. A list of retaliatory tariffs worth €93 billion (roughly $109.4 billion) is already on standby. These duties could be activated just days after the U.S. move. The list merges multiple previous versions into a single plan targeting U.S. products. On top of that, the EU is discussing the use of its Anti-Coercion Instrument, a trade weapon that would restrict American access to the European market. That means U.S. companies could be blocked from bidding on public projects across the bloc. There could also be limits on U.S. exports, imports, and foreign direct investment. The tool has…
The post Trump, von der Leyen set to meet in Scotland to avoid war in EU-US trade talks appeared on BitcoinEthereumNews.com.
European Commission President Ursula von der Leyen is meeting President Donald Trump on Sunday in Scotland, trying to hammer out a last-minute trade deal before U.S. tariffs on European Union goods hit 30% on August 1. The announcement came Friday after Ursula posted on X, saying the two had agreed to meet “to discuss transatlantic trade relations, and how we can keep them strong.” Trump confirmed the meeting the same day after landing in Scotland, telling reporters, “We’ll see if we can make a deal. I think we have a good 50/50 chance. That’s a lot.” The stakes are high. Trump’s warning about steep tariffs has pushed the EU to rush into a potential framework deal. Talks are leaning toward a 15% tariff baseline on EU goods coming into the U.S., matching the deal the Trump administration recently signed with Japan. That Japan agreement, which Trump described on social media as “perhaps the largest Deal ever made,” is now being used as a reference point for Europe. The EU is trying to avoid a trade war, but they’re also preparing for one if Sunday’s meeting fails. Trump’s tariff threat puts pressure on Brussels If the meeting falls apart, Brussels is ready to hit back. A list of retaliatory tariffs worth €93 billion (roughly $109.4 billion) is already on standby. These duties could be activated just days after the U.S. move. The list merges multiple previous versions into a single plan targeting U.S. products. On top of that, the EU is discussing the use of its Anti-Coercion Instrument, a trade weapon that would restrict American access to the European market. That means U.S. companies could be blocked from bidding on public projects across the bloc. There could also be limits on U.S. exports, imports, and foreign direct investment. The tool has…
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