President Trump is meeting on Monday during the UK Prime Minister Kir stormer during a visit to the US leader to Scotland. While a private trip, marked by several rounds of golf on its own luxury courses, Sri Trump has also done some businesses-in which a long sought for a long time has been sought for a long time. American European Union Trade Agreement,
On Sunday, after meeting with the European Union leader Ursula von Der Leyen for more than an hour, Mr. Trump said, “We have good news. We have reached a deal.”
When considered as a joint economy, the European Union block is the second largest in the world behind the US, including goods and services, the US-EU trade is about $ 2 trillion per year.
“I think it’s great that we signed a deal instead of playing games today,” Mr. Trump said about the framework agreement. “I think this is the biggest deal ever.”
“This is a big thing, it’s a very big thing,” von dera lerye agreed. “It will bring stability. It will bring pre -procreation.”
President Trump’s meeting was also expected to touch business, although the US and Britain already Agreed a framework trading deal Last month. Starmer has made it clear that he wants to pursue the tariff forward on British steel and other imports more easily as the agreement has been excluded from the British steel and other imports.
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Both American and Britain officials said that the ongoing wars in Gaza and Ukraine would also come under their discussion on Monday.
Prior to the meeting, Mr. Trump told reporters that he would reduce the 50-day time limit given to Russian President Vladimir Putin to agree with Ukraine before imposing a new ban against Russia.
Mr. Trump did not specify how much he would reduce the timeline, but said he was “very disappointed” to attack Ukraine in Putin. Russia Declated deadline When the White House first announced it, it was called “unacceptable”.
But Mr. Trump said that his meeting with the starrer will now provide a chance to celebrate the US-UK trade agreement on books with the new European Union deal.
Most of the European Union member nations supported the agreement on Monday, although some of them undeclared – and the French Prime Minister also took a jab on the block, accusing Mr. Trump of “submission”.
Mr. Trump said that for 27 member countries of the European Union, the tariff rate will be 15% for imports including vehicles. The European Union, meanwhile, agreed to buy US military hardware, $ 750 billion US energy and increase its collective investment in the US to $ 600 billion.
There was good news for American companies selling products in the European Union market, as Mr. Trump also announced that all 27 European Union nations “would be opened to trade with the United States in zero tariffs.”
The agreement was signed at Trump’s luxury golf resort in Turnberry on the Scottish coast, where the President shut down the weekend.
The deal avoids a Trans-Atlantic Trade War that may be revealed on Friday, when Mr. Trump threatened to put a blanket 30% tariff on all the goods imported from the European Union, which vowed to retaliate.
This deadline is for countries that are yet to make a deal with the US including Mexico, Canada and the most consequential, China.
Trade talks between Beijing and Washington were taking place in Stockholm on Monday, and US Commerce Secretary Howard Lutnik interviewed in the weekend that the August 1 time limit was not flexible to reach the deals.
He said, “Any extension, no more grace period. August 1, tariffs are set. They will go to place. Customs will start collecting money, and we will go,” he said.
