Trump announces outline of deal on tariffs with European Union
Trump said he would impose a 15 percent duty on imports from the European Union, down from his previous threats. The White House did not immediately release specific details of the trade agreement, which are traditionally hundreds of pages long and take years to negotiate.
'I don't think there are too many other factors, other than we're going to get along great,' Trump said.
U.S. importers will be paying the tariffs, whose costs are often passed along to consumers or businesses that buy the imported products.
Trump met with European Commission President Ursula von der Leyen at Trump Turnberry, one of several golf courses that the president owns in Scotland.
Leaders from around the world are rushing to strike trade agreements with Trump ahead of an Aug. 1 deadline, when the White House is expected to begin collecting new tariffs on imports from dozens of countries.
Ahead of the meeting with von der Leyen, Trump told reporters he was not in a good mood and said there were about four sticking points holding up a deal with the 27-nation bloc.
Earlier, he and von der Leyen both put the odds of reaching an agreement at about 50-50, but the head of the E.U. executive branch appeared eager to appeal to Trump's vision of himself as a tough negotiator and dealmaker.
For the E.U., a 15 percent blanket tariff is far worse than previous ambitions of European officials, who had offered 'zero-for-zero' tariffs with the U.S. on industrial goods at the start of Trump's trade blitz. But the bloc has sought to avoid an all-out trade war with its traditionally closest commercial and military ally.
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