China announces plan to boost consumption of agricultural products
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Sky News
23 minutes ago
- Sky News
US and EU agree trade deal - with bloc facing 15% tariffs on goods into America
The United States and European Union have reached an agreement on a trade deal, says Donald Trump. The announcement was made as the US president met European Commission chief Ursula von der Leyen at one of his golf resorts in Scotland. Speaking after talks in Turnberry, Mr Trump said it was the "biggest deal ever made" and will be "great for cars" as well as having a "big impact" on agriculture. The US will impose 15% tariffs on EU goods entering America, after Mr Trump had threatened a 30% levy. He said there will be $600bn of EU investment in the US, the bloc will buy $750bn of US energy and will also purchase American military equipment. Mr Trump said: "I think it's great that we made a deal today instead of playing games and maybe not making a deal at all." "I think it's the biggest deal ever made." Ms von der Leyen said: "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." She said the agreement would include 15% tariffs "across the board inclusive", and it would help rebalance trade between the two large trading partners. Mr Trump had earlier said the main sticking point was "fairness", citing barriers to US exports of cars and agriculture. He went into the talks demanding fairer trade with the 27-member bloc and threatening steep tariffs to achieve that, while insisting the US will not go below 15% import taxes. For months, Mr Trump has threatened most of the world with large tariffs in the hope of shrinking major US trade deficits with many key trading partners, including the EU. In case there was no deal and the US had imposed 30% tariffs from 1 August, the EU has prepared counter-tariffs on €93bn (£81bn) of US goods. Ahead of their meeting on Sunday, Ms von der Leyen described Mr Trump as a "tough negotiator and dealmaker".
Scottish Sun
an hour ago
- Scottish Sun
US and EU agree landmark trade deal after months of talks, Donald Trump says
DEAL REACHED US and EU agree landmark trade deal after months of talks, Donald Trump says The US and EU have agreed on a trade deal, says US President Donald Trump. Trump announced the deal as he hosted EU chief Ursula von der Leyen at one of his golf resorts in Scotland. Advertisement 1 Trump says the US and EU have reached a trade deal Credit: Reuters "We have reached a deal. It's a good deal for everybody," Trump said. "It's going to bring us closer together... it's a partnership in a sense," he added. Meanwhile, von der Leyen hailed it as a "huge deal", which came after "tough negotiations". The US and EU have longed enjoyed one of the world's largest trade relationships. Advertisement Total trade in goods between the EU and US totalled around $975.9bn (£751.4bn) in 2024, estimates say. The US imported about $606bn (£451bn) worth of goods from the EU and exported around $370bn (£276bn) last year. Trump has said this trade deficit means the US is "losing". More to follow... For the latest news on this story, keep checking back at The U.S. Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping pictures, and must-see videos. Advertisement Like us on Facebook at TheSunUS and follow us on X at @TheUSSun
Reuters
an hour ago
- Reuters
Trump says US is close to reaching a trade deal with China
TURNBERRY, Scotland, July 27 (Reuters) - U.S. President Donald Trump said on Sunday his administration was close to reaching a trade deal with China, but gave no other details. "We're very close to a deal with China. We really sort of made a deal with China, but we'll see how that goes," Trump told reporters at the start of a meeting with European Commission President Ursula von der Leyen in Scotland.
