EU chief Ursula von der Leyen said Friday she will hold talks with US President Donald Trump in Scotland this weekend on the transatlantic tariffs standoff, with a week to go until a crunch negotiating deadline.
In an push to slash his country's trade deficits, Trump has vowed to hit dozens of countries with punitive tariff hikes if they do not hammer out a pact with Washington by August 1.
The EU -- which is facing an across-the-board levy of 30-percent -- has been pushing hard for a deal with Trump's administration, while also planning retaliation should talks fall short.
"Following a good call with POTUS, we have agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong," von der Leyen wrote on X.
The high-level meeting comes after days of signals suggesting the European Commission and US administration were inching towards an agreement -- but Trump appeared to cast doubt on that scenario Friday.
Speaking to reporters as he left the White House on his way to Scotland, Trump estimated there was a "50-50" chance of striking a deal with the 27-nation bloc.
The EU's 27 countries have been allowing the European Commission -- which leads trade policy for the bloc -- to focus on seeking a deal to avoid hefty US tariffs.
According to multiple diplomats, the agreement under consideration would involve a baseline 15-percent US levy on EU goods, and potential carve-outs for critical sectors.
Most states prefer a deal to no deal -- even with undesirable levies of 15 percent -- but exemptions are key, with aircraft, steel, lumber, pharmaceutical products and agricultural goods under discussion, diplomats said.
The approaching August 1 deadline comes with a sense of deja-vu, however: earlier this month, EU officials also believed they were on the cusp of a deal, before Trump hiked his tariff threat to 30-percent.
Should talks fail, EU states on Thursday backed a package of retaliation on $109 billion (93 billion euros) of US goods -- to kick in in stages from August 7.
Since launching its tariffs campaign, Trump's administration has so far unveiled just five agreements, including with Britain, Japan and the Philippines.
In an push to slash his country's trade deficits, Trump has vowed to hit dozens of countries with punitive tariff hikes if they do not hammer out a pact with Washington by August 1.
The EU -- which is facing an across-the-board levy of 30-percent -- has been pushing hard for a deal with Trump's administration, while also planning retaliation should talks fall short.
"Following a good call with POTUS, we have agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong," von der Leyen wrote on X.
The high-level meeting comes after days of signals suggesting the European Commission and US administration were inching towards an agreement -- but Trump appeared to cast doubt on that scenario Friday.
Speaking to reporters as he left the White House on his way to Scotland, Trump estimated there was a "50-50" chance of striking a deal with the 27-nation bloc.
The EU's 27 countries have been allowing the European Commission -- which leads trade policy for the bloc -- to focus on seeking a deal to avoid hefty US tariffs.
According to multiple diplomats, the agreement under consideration would involve a baseline 15-percent US levy on EU goods, and potential carve-outs for critical sectors.
Most states prefer a deal to no deal -- even with undesirable levies of 15 percent -- but exemptions are key, with aircraft, steel, lumber, pharmaceutical products and agricultural goods under discussion, diplomats said.
The approaching August 1 deadline comes with a sense of deja-vu, however: earlier this month, EU officials also believed they were on the cusp of a deal, before Trump hiked his tariff threat to 30-percent.
Should talks fail, EU states on Thursday backed a package of retaliation on $109 billion (93 billion euros) of US goods -- to kick in in stages from August 7.
Since launching its tariffs campaign, Trump's administration has so far unveiled just five agreements, including with Britain, Japan and the Philippines.
You may also like
Maruti Eeco: Features and Compatibility for Everyday Utility
Since 2004: How Bahrain's International Circuit put Middle East on global F1 map with its first race
Navi Mumbai Woman Drives Car Into Creek Near Belapur While Following Google Maps; Video Shows Crane Pulling Out Damaged Vehicle
iOS 26 public beta launched: The wait for Liquid Glass UI is over, these phones will get the update..
India, Maldives to boost bilateral cooperation in fisheries and aquaculture
