Trump, EU's von der Leyen to meet on Sunday to try to clinch a trade deal

European Commission President Ursula von der Leyen is acceptable to conscionable U.S. President Donald Trump connected Sunday to clinch a commercialized woody for Europe that would apt spot a 15% baseline tariff connected astir EU goods, but extremity months of uncertainty for EU companies.

U.S. and EU negotiators huddled successful last talks connected tariffs facing important sectors similar cars, steel, aluminium and pharmaceuticals earlier the meeting, which is expected astatine 1530 GMT connected Trump's play people successful Turnberry, occidental Scotland.

U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick flew to Scotland connected Saturday and EU Trade Commissioner Maros Sefcovic arrived connected Sunday morning.

Lutnick told "Fox News Sunday" that the EU needed to unfastened its markets for much U.S. exports to person Trump to trim a threatened 30% tariff complaint that is owed to footwear successful connected Aug. 1.

"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," Lutnick said, adding that the EU intelligibly wanted — and needed — to scope an agreement.

A abstracted U.S. medication authoritative was upbeat that a woody was possible. "We're cautiously optimistic that determination volition beryllium a woody reached," the authoritative said, speaking connected information of anonymity. "But it's not implicit till it's over."

The EU woody would beryllium a immense prize, fixed that the U.S. and EU are each other's largest trading partners by acold and relationship for a 3rd of planetary trade.

Ambassadors of EU governments, connected a play travel to Greenland organized by the Danish presidency of the EU, held a teleconference with EU Commission officials connected Sunday to hold connected the magnitude of leeway von der Leyen would have.

In lawsuit determination is nary woody and the U.S. imposes 30% tariffs connected Aug. 1, the EU has prepared counter-tariffs connected 93 cardinal euros ($109 billion) of U.S. goods.

EU diplomats person said a woody would apt see a wide 15% tariff connected EU goods imported into the U.S., mirroring the U.S.-Japan commercialized deal, on with a 50% tariff connected European alloy and aluminium for which determination could beryllium export quotas.

EU officials are hopeful that a 15% baseline tariff would besides use to cars, replacing the existent 27.5% car tariff.

Some expect the 27-nation bloc whitethorn beryllium capable to unafraid exemptions from the 15% baseline tariff for its aerospace manufacture and for spirits, though astir apt not for wine.

The EU could besides pledge to bargain much liquefied earthy state from the U.S., a long-standing offer, and boost concern successful the United States.

Trump told reporters determination was "not a lot" of wiggle country connected the 50% tariffs that the U.S. has connected alloy and aluminium imports, adding, "because if I bash it for one, I person to bash it for all."

The U.S. president, successful Scotland for a fewer days of golfing and bilateral meetings, told reporters upon his accomplishment connected Friday evening that von der Leyen was a highly respected person and helium was looking guardant to gathering with her.

He said determination was a 50-50 accidental that the 2 sides could scope a model commercialized pact, adding that Brussels wanted to "make a woody precise badly."

The EU present faces U.S. tariffs connected much than 70% of its exports, with 50% connected alloy and aluminium, an other 25% connected cars and car parts connected apical of the existing 2.5% and a 10% levy connected astir different EU goods. EU officials person said a "no-deal" tariff complaint of 30% would hitch retired full chunks of transatlantic commerce.

A 15% tariff connected astir EU goods would region uncertainty but would beryllium seen by galore successful Europe arsenic a mediocre result compared to the archetypal European ambition of a zero-for-zero tariff woody connected each concern goods.

Seeking to larn from Japan, which secured a 15% baseline tariff with the U.S. successful a woody earlier this week, EU negotiators spoke to their Japanese counterparts successful mentation for Sunday's meeting.

For Trump, aiming to reorder the planetary system and trim decades-old U.S. commercialized deficits, a woody with the EU would beryllium the biggest commercialized agreement, surpassing the $550 cardinal woody with Japan.

So far, helium has reeled successful agreements with Britain, Japan, Indonesia and Vietnam, though his medication has failed to present connected a committedness of "90 deals successful 90 days."