Trump, EU’s von der Leyen to meet to clinch trade deal
The European Commission President Ursula von Der Leyen will meet US President Donald Trump for 15 percent of EU goods for Europe, but will meet a trade agreement that will end the uncertainty for EU companies.
Before the meeting, Trump’s Turnberry, Western Scotland, USA and EU teams are expected to be on Sunday (0130 Aest Monday) at Trump’s golf field.
US Trade Representative Jamieson Greer and Trade Secretary Howard Lotnick flew to Scotland on Saturday and EU Trade Commissar Maros Sefcovic arrived on Sunday morning.
Lutnick said, “Fox News Sunday”, the EU should open its markets for more US exports to persuade Trump to reduce a tariff rate of 30 percent that must be kicking on August 1st.
“The question is that they offer President Trump a good enough agreement to come out of 30 percent of tariffs?
A separate US administration official was optimistic that an agreement was possible. Uz We are cautious about an agreement that an agreement will be reached, de said authorized, talking on the condition of anonymity. “But it’s not over until it ends.”
Ambassadors of the EU governments organized a teleconference with the EU commission officials on a weekend trip to Greenland, organized by the EU’s Danish Presidency, on Sunday to accept the amount of space in von der Lenin.
In the absence of an agreement and the United States brought 30 percent of tariff from August 1, EU has prepared over $ 93 billion euros (A164 billion dollars) of US goods.
EU diplomats said an agreement would contain a 15 percent wide tariff on EU goods imported to the United States, reflecting the US-Japanese trade agreement and contain a 50 percent tariff on the European steel and aluminum, and may have export quotas.
Given that the US and the EU are the largest trade partners of each other and constitute one -third of global trade, the EU agreement will be a major reward.
EU officials will replace the current 27.5 percent automatic tariff and hopeful that a 15 percent base line tariff will be valid for cars.
Some expect the 27 -national block to secure exemptions from the 15 percent basic tariff for the aviation industry and souls, although not for wine, probably for wine.
The EU may also undertake a long -standing proposal to purchase more liquefied natural gas than the US, and to increase investment in the US.
For a few days of golf and bilateral meetings, the US President in Scotland told journalists during his arrival on Friday evening, Von Der Lenin is a respected leader and said he was looking forward to meeting with him.
