WATCH LIVE: President Donald Trump arrives in Scotland
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Trump announces EU trade deal that sees 15% flat tariff for products coming to US
Donald Trump announced a trade agreement with the European Union Sunday that will cut tariff rates down to 15 percent on imports from the trade bloc, while US exports will be tariff-free. The president spoke alongside European Commission President Ursula von der Leyen at his Turnberry golf course in Scotland as he announced the news. 'All of the countries will be opened up to trade with the United States at zero tariff [for U.S. exports],' Trump told reporters, shaking von der Leyen's hand. 'We are agreeing that the tariff straight across for automobiles and everything else, will be a straight across tariff of 15 percent. So we have a tariff of 15 percent; we have the opening up of all of the European countries, which I think I could say [those markets] were essentially closed,' said the president. He also touted a number of impending EU investments, including a purchase of military materials. Von der Leyen confirmed: 'It is 15 percent tariffs across the board.' 'We have a trade deal between the two largest economies in the world, and it's a big deal. It's a huge deal. It will bring stability. It will bring predictability. That's very important for our businesses on both sides of the Atlantic,' said the European Commission president. The announcement comes ahead of the Trump administration's planned August 1 deadline for enforcement of the president's so-called 'reciprocal' tariffs. Trump had threatened to hike that rate to 30 percent in a letter this month. Asked about U.S. concessions in the deal, and the apparent imbalance of the U.S.-E.U. tariff rates going forward, von der Leyen cast the agreement as meant to address existing issues, and told one reporter: 'The starting point was an imbalance, a surplus on our side and a deficit on the U.S. side.' The president briefly answered questions from reporters, though he claimed not to hear one about his deputy attorney general (and former personal attorney)'s meeting with Ghislaine Maxwell, imprisoned accomplice of Jeffrey Epstein. He also claimed to have told the respective leaders of Cambodia and Thailand that the two countries needed to cease armed clashes along their respective borders in order to secure trade agreements with his administration. The president would go on to complain that the U.S. was not sufficiently praised for its investment in the Gaza Humanitarian Foundation, an Israeli-led effort to provide aid in Gaza that appears to have utterly failed to avert widespread famine and has long been labeled an effort by the Israeli government to save face by its critics. Further information about the agreement was not immediately released by the White House, either to pool reporters or through other media channels. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Police issue update as protest groups gathered outside Essex hotel
Peaceful protests took place outside an Essex hotel this afternoon, police confirmed. Specific measures were put in place by Essex Police as further protests took place outside The Bell Hotel in Epping. A ban on face coverings and designated areas for protestors and counter-protestors were introduced to allow calm procedures. A group of protesters against The Bell Hotel formed at around 1pm and officers facilitated a march by a group of counter-protests from the tube station to their designated area at 4pm before escorting them back a short time later. Chief Superintendent Simon Anslow said: 'I want to thank those who attended for the peaceful nature of both protests. 'Our role is to ensure that you can express your democratic right to protest safely and lawfully and we had a proportionate and robust plan in place to ensure that could happen. 'I am pleased that today has passed off without incident and I am grateful to our colleagues from other forces for their support.' A police spokesman confirmed three arrests were made on Sunday. A 52-year-old man from Loughton on suspicion of a public order offence, a 53-year-old Loughton woman, from the anti-hotel protest group, on suspicion of a racially aggravated public order offence connected with a previous protest, and a 27-year-old woman, from the counter-protest group, on suspicion of criminal damage and a public order offence. They are all currently in custody.
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US expects to result of probe into chip imports in two weeks
TURNBERRY, Scotland (Reuters) -The Trump administration will announce the result of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, without providing details. Lutnick told reporters after a meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen that the investigation - which is expected to result in tariffs on chips imports - was one of the "key reasons" the EU sought to negotiate a broader trade agreement that would "resolve all things at one time." Trump said many companies would be investing in semiconductor manufacturing in the United States, including some from Taiwan and other places, to avoid getting hit by new tariffs. Sign in to access your portfolio
