US Edition
Stock Markets Mark Time as Trump Puts EU-US Trade Deal at 50/50
UNITED STATES, JUL 25 – President Trump says there is an equal chance of reaching a US-EU trade deal as negotiators discuss tariffs and trade terms amid ongoing talks, officials said.
- On July 25, President Trump stated there was about an even chance of reaching an agreement with the European Union to lower tariffs as he departed for Scotland.
- This statement followed intensive negotiations between the EU and US aiming to avoid punitive tariffs before the August 1 deadline amid ongoing trade disputes.
- Trump warned of 30% tariffs on most EU goods if no agreement is reached, while the EU prepared retaliation on $109 billion of US goods starting August 7.
- Trump also announced plans to issue about 200 additional letters setting unilateral tariffs on other trade partners, citing that most rates are essentially settled now.
- The outcome of these talks will determine if the transatlantic trade relationship continues cooperatively or faces increased tariffs with broad global implications.
113 Articles
113 Articles
With a week left until the deadline for the new US trade tariffs, European Commission President Ursula von der Leyen is calling for a meeting with Trump this weekend. But the president seems reasonably hopeful of reaching an agreement. “I would say we have a 50/50 chance, maybe less than that,” Trump says.
The deadline for reaching an agreement was set at 1 August Donald Trump estimated on Friday 25 July the likelihood of a trade agreement between the United States and the European Union at "50-50",
The EU Commission President and the US President want to negotiate a possible solution to the customs dispute in Scotland - Trump sees a "50:50 chance" for an agreement with the EU.
Odds of U.S.-EU Trade Deal Are 50–50 Ahead of Tariff Deadline: Trump
President Donald Trump said there’s a 50–50 chance that the United States will finalize a trade deal with the European Union before an Aug. 1 deadline. Speaking to a press gaggle at the White House on July 25, Trump set the odds of reaching a deal with the EU at 50 percent or less. The United States and the 27-member trading bloc have been working on making a deal since the beginning of July. “We’re working very diligently with Europe, the EU,” …
leprogres.fr
The US President has threatened to impose customs duties of 30% on European imports from 1 August, if no agreement is reached by then.
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