1 month ago
19
EDINBURGH, Scotland -- The United States and the European Union announced a commercialized model Sunday aft a gathering betwixt President Donald Trump and European Commission main Ursula von der Leyen.
"It was a precise absorbing negotiation. I deliberation it's going to beryllium large for some parties," Trump said aft the talks astatine his play people edifice adjacent Turnberry, Scotland.
For months, helium has threatened astir of the satellite with steep tariffs successful hopes of shrinking ample U.S. commercialized deficits with galore cardinal trading partners.
The U.S. and EU seemed adjacent to a woody earlier this period to easiness the imaginable of dueling tariffs, but Trump alternatively threatened a 30% tariff rate.
The statement comes earlier a Trump medication deadline to enforce tariffs connected Friday.
This is simply a processing story. AP's earlier communicative follows below.
President Donald Trump headed into high-stakes talks Sunday with a apical European authoritative demanding fairer commercialized with the 27-member European Union and threatening steep tariffs to execute that, portion insisting the United States volition not spell beneath 15% import taxes.
Make-or-break talks could caput disconnected punishing U.S. tariffs - and promised retaliation from Europe - that could nonstop daze waves done economies astir the globe.
European Commission main Ursula von der Leyen, was seated adjacent to Trump astatine his play edifice connected the Scottish seashore and called for a rebalancing of bilateral commercialized worthy billions of dollars betwixt the captious partners. Speaking to reporters earlier their backstage gathering began, she and Trump some enactment the chances of reaching an statement astatine 50-50.
That is important due to the fact that the White House says higher tariffs volition footwear successful connected Friday if some sides cannot find consensus.
"This is bigger than immoderate different deal," Trump said, suggesting they could hammer retired an statement successful conscionable a abbreviated time. The president besides pledged to alteration what helium characterized arsenic "a precise one-sided transaction, precise unfair to the United States."
"I deliberation some sides privation to spot fairness," Trump said.
Von der Leyen said the U.S. and EU combined person the world's largest commercialized volume, encompassing hundreds of millions of radical and trillions of dollars. Trump said the stakes progressive meant of making a deal, "We should springiness it a shot."
Von der Leyen said Trump was "known arsenic a pugnacious negotiator and dealmaker" which caused the president to interject with "but fair." She said that, if they are successful, "I deliberation it would beryllium the biggest woody each of america has ever struck."
Trump called gathering with von der Leyen astatine his Turnberry play people - wherever helium played successful the morning, an honor.
"I deliberation the main sticking constituent is fairness," helium said portion besides noting, "We've had a hard clip with commercialized with Europe, a precise hard time."
For months, Trump has threatened astir of the satellite with ample tariffs successful hopes of shrinking large U.S. commercialized deficits with galore cardinal trading partners. More recently, he's hinted that immoderate woody with the EU would person to "buy down" the presently scheduled tariff complaint of 30%.
During remarks earlier the media Sunday, the president pointed to a caller U.S. statement with Japan that acceptable tariff rates for galore goods astatine 15% and suggested the EU could hold to thing similar.
Asked if helium would beryllium consenting to judge tariff rates little than that, Trump said "no."
"I'd similar to spot it resolved," Trump said of a woody with Europe. "But if it isn't, we'll person tariffs." Of retaliation from Europe helium said, "They'll bash what they person to do."
Their gathering came aft Trump golfed for the 2nd consecutive time astatine his Turnberry course, this clip with a radical that included sons Eric and Donald Jr. The president's five-day sojourn to Scotland is built astir play and promoting properties bearing his name.
A tiny radical of demonstrators astatine the people waved American flags and raised a motion criticizing British Prime Minister Keir Starmer, who plans his ain Turnberry gathering with Trump connected Monday. Other voices could beryllium heard cheering and chanting "Trump! Trump!" arsenic helium played nearby.
On Tuesday, Trump volition beryllium successful Aberdeen, successful northeastern Scotland, wherever his household has different play people and is opening a 3rd adjacent month. The president and his sons program to assistance chopped the ribbon connected the caller course.
Joining von der Leyen were Maros Sefcovic, the EU's main commercialized negotiator; Björn Seibert, the caput of von der Leyen's Cabinet; Sabine Weyand, the commission's directorate-general for trade, and Tomas Baert, caput of the commercialized and agriculture astatine the EU's delegation to the U.S.
The U.S. and EU seemed adjacent to a woody earlier this month, but Trump alternatively threatened the 30% tariff rate. The deadline for the Trump medication to statesman imposing tariffs has shifted successful caller weeks but is present firm, the medication insists.
"No extensions, nary much grace periods. Aug. 1, the tariffs are set, they'll spell into place, Customs volition commencement collecting the wealth and disconnected we go," U.S. Commerce Secretary Howard Lutnick told "Fox News Sunday." He added, however, that adjacent aft that "people tin inactive speech to President Trump. I mean, he's ever consenting to listen."
Lutnick said the EU "needs to marque a woody and wants to marque a woody and they are flying to Scotland to marque a woody with President Trump. The question is bash they connection President Trump a bully capable woody that is worthy it for him to measurement disconnected of the 30% tariffs that helium set."
Without an agreement, the EU says it is prepared to retaliate with tariffs connected hundreds of American products, ranging from beef and car parts to brew and Boeing airplanes.
If Trump yet makes bully connected his menace of tariffs against Europe, it could marque everything from French food and Italian leather goods to German electronics and Spanish pharmaceuticals much costly successful the United States.
The U.S. and Britain, meanwhile, announced a commercialized model successful May and a larger statement past period during the Group of Seven gathering successful Canada. Trump says that woody is concluded and that helium and Starmer volition sermon different matters - though the White House has suggested it inactive needs immoderate polishing.
Copyright © 2025 by The Associated Press. All Rights Reserved.
