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The Wall Street Publication > Blog > World > Trump says U.S. has reached commerce take care of European Union as Aug. 1 deadline loomed
World

Trump says U.S. has reached commerce take care of European Union as Aug. 1 deadline loomed

Editorial Board Published July 27, 2025
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Trump says U.S. has reached commerce take care of European Union as Aug. 1 deadline loomed
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President Trump introduced Sunday that the US and the European Union had reached a commerce deal after high-stakes conferences in Scotland, simply days shy of Friday’s White Home deadline to enact tariffs.

Mr. Trump met with prime European officers demanding fairer commerce with the 27-member European Union at his golf course on the Scottish coast.

“It was a very interesting negotiation. I think it’s going to be great for both parties,” the president mentioned.

The deal, in line with European Fee chief Ursula von der Leyen, is a 15% tariff throughout the board. She praised Mr. Trump, calling it a “good deal” and a “huge deal” that adopted “tough negotiations.”

“We have a deal. We have a trade deal between the two largest economies in the world, and it’s a big deal, it’s a huge deal,” she mentioned. “It will bring stability. It will bring predictability.”

President Trump and European Fee President Ursula von der Leyen communicate as they meet on the Trump Turnberry golf course in Turnberry, Scotland.

Jacquelyn Martin / AP

Mr. Trump mentioned, “I think we both wanted to make a deal,” and he predicted it might “bring us closer together.” Mr. Trump additionally mentioned greater than as soon as to reporters Sunday that it was the “biggest of all the deals.”

Von der Leyen mentioned the negotiations addressed the EU’s commerce surplus with the U.S., and the deal can be carried out in a method that might allow commerce to proceed whereas jobs on “both sides of the Atlantic” can be rebalanced.

Based on Mr. Trump, the deal additionally consists of that each one European Union international locations might be “opened up for U.S. goods” at 0% and the bloc will make investments $600 billion within the U.S. The EU may also buy $750 billion of U.S. vitality as a part of the deal.

“They are going to agree to invest into the United States $600 billion more than they’re investing already,” Mr. Trump mentioned. “So they’re investing a large amount of money. You know what that amount of money is–It’s very substantial.”

In remarks earlier than the session, Mr. Trump pledged to alter what he characterised as “a very one-sided transaction, very unfair to the United States.”

“I think the main sticking point is fairness,” he mentioned whereas additionally noting, “We’ve had a hard time with trade with Europe, a very hard time.”

Trump Scotland

President Trump shakes arms with European Fee President Ursula von der Leyen as they meet on the Trump Turnberry golf course in Turnberry, Scotland, Sunday, July 27, 2025.

Jacquelyn Martin / AP

And not using a deal, Mr. Trump had threatened to hit imports from the EU’s 27 member international locations with a 30% tariff price. The president has lengthy been crucial of the U.S.-EU commerce relationship, claiming the U.S. has been handled unfairly. Final 12 months, the U.S. commerce deficit with the EU was about $235 billion.

Becoming a member of von der Leyen had been Maros Sefcovic, the EU’s chief commerce negotiator; Björn Seibert, the top of von der Leyen’s Cupboard; Sabine Weyand, the fee’s directorate-general for commerce, and Tomas Baert, head of commerce and agriculture on the EU’s delegation to the U.S.

Their assembly got here after Mr. Trump performed golf 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.

Ellen Uchimiya

contributed to this report.

Extra from CBS Information

TAGGED:AugdeadlinedealEuropeanloomedreachedtradeTrumpU.Sunion
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