1 month ago
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(NewsNation) — President Donald Trump volition meet with British Prime Minister Kier Starmer connected Monday arsenic helium wraps up a Scotland travel that resulted successful a trade woody with the European Union.
The 2 leaders volition conscionable Monday astatine a play spot owned by Trump's household adjacent Turnberry successful southwest Scotland. They volition question to Aberdeen, a metropolis connected the country’s northeast coast, wherever different Trump play people is located and a 3rd is acceptable to unfastened soon.
The gathering follows a deal announced Sunday successful which the EU agreed to acquisition $750 cardinal successful vigor and put an further $600 cardinal into the U.S., on with purchasing an undetermined magnitude of subject equipment. It volition besides unfastened its countries to immoderate “zero for zero tariffs.”
“We are agreeing that the tariff, straight across for automobiles and everything else, volition beryllium a straight-across tariff of 15%,” Trump added.
Originally, Trump had threatened 30% tariffs against the EU successful April. But the caller statement — which Trump has called the "biggest woody ever made" — narrowly avoids his administration's Aug. 1 tariff deadline.
Leaders crossed the EU are calling it a affirmative woody for maturation and investment, and the caput of the European Commission, Ursula von der Leyen, said it'll bring stableness and predictability to the economy.
"It's a immense deal, with pugnacious negotiations. I knew it astatine the beginning, and it was so precise tough. But we came to bully conclusions connected some sides," von der Leyen said.
Trump has secured deals with Japan, the Philippines, Indonesia and the United Kingdom, among different countries, during the 90-day model betwixt the announcement of his "reciprocal tariffs" and their threatened enforcement date.
Commerce Secretary Howard Lutnick has said nary extensions oregon grace periods would beryllium offered aft Friday, meaning clip is ticking for different deals to beryllium finalized.
More than 20 countries person not yet made a woody with the U.S.
A look astatine the rates they volition look Friday:
- Canada: 35%
- Mexico: 30%
- South Korea: 25%
- South Africa: 30%
- Kazakhstan: 25%
- Laos: 40%
- Malaysia: 25%
- Myanmar: 40%
- Tunisia: 25%
- Bosnia and Herzegovina: 30%
- Bangladesh: 35%
- Serbia: 35%
- Cambodia: 36%
- Thailand: 36%
- Libya: 30%
- Iraq: 30%
- Algeria: 30%
- Moldova: 25%
- Brunei: 25%
- Sri Lanka: 30%
- Brazil: 50%
NewsNation's Jordan Perkins and Anna Kutz, NewsNation spouse The Hill and the Associated Press contributed to this report.
