US and EU strike trade deal on tariffs after 'tough negotiations'

BBC News

3 days ago

Update:
Date: 18:37 BST
Title: US-EU strike trade deal
Content: US President Donald Trump has struck a trade deal with the
European Union following meetings with the President of the European Commission
Ursula von der Leyen.
Stay with us as we bring you the details.
Update:
Date: 18:23 BST
Title: Why are the US-EU trade ties so important?
Content: Goods and services exchanged between the United States and
European Union forms one of the world's largest trade relationships. They are
each other's largest trade and investment partners.
Total trade in goods between the EU and US totalled an
estimated $975.9bn (£751.4bn) in 2024. Together, they account for almost a
third of global trade in goods and services.
Last year the US imported about $606bn (£451bn) in goods
from the EU and exported around $370bn (£276bn).
That imbalance, or trade deficit, is a sticking point for
Donald Trump. He says trade relationships like this mean the US is
"losing".
Update:
Date: 18:12 BST
Title: Trump and EU chief enter crunch meeting
Content: Thomas MackintoshLive reporter
Welcome to our live coverage of crunch trade talks between the United States and European Union.
"It is a beautiful Sunday in Scotland," Donald Trump said as he started a wide-ranging news conference inside the ballroom of his Turnberry golf resort in Scotland.
Against the backdrop of the green fairways and bunkers, Trump sat next to European Commission President Ursula von der Leyen and said he "was not in a good mood".
Although the US president didn't elaborate on why his spirits were low, he said there was a "50:50" chance the pair would strike a trade deal, explaining "we have three or four sticking points".
"The EU has to be open to American products," Trump said at one point, while Von der Leyen added any deal would be about "fairness and rebalancing".
The pair have now gone into a private meeting. Stay with us as we bring you the latest.