Reported about 13 hours ago
U.S. President Donald Trump and European Commission President Ursula von der Leyen are scheduled to meet on Sunday in Scotland to negotiate a trade deal that could introduce a 15% tariff on many EU goods. This agreement aims to alleviate ongoing uncertainty for EU companies facing potential tariffs from the U.S., which Trump might increase to 30% if no deal is reached. While a 15% tariff falls short of the EU's initial goal of a zero-for-zero tariff arrangement, it is viewed as a preferable alternative to the steep increases threatened by Trump, making the meeting critical for transatlantic trade relations.
Source: YAHOO