{"id":40479,"date":"2025-07-27T18:24:46","date_gmt":"2025-07-27T18:24:46","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-says-u-s-has-reached-trade-deal-with-european-union-as-aug-1-deadline-loomed\/"},"modified":"2025-07-27T18:24:46","modified_gmt":"2025-07-27T18:24:46","slug":"trump-says-u-s-has-reached-trade-deal-with-european-union-as-aug-1-deadline-loomed","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-says-u-s-has-reached-trade-deal-with-european-union-as-aug-1-deadline-loomed\/","title":{"rendered":"Trump says U.S. has reached trade deal with European Union as Aug. 1 deadline loomed"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>President Trump announced Sunday that the United States and the European Union had reached a trade deal after <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-visits-scotland-golf-courses-meetings-trade\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">high-stakes meetings in Scotland<\/a><\/span>, just days shy of Friday&#8217;s White House deadline to enact tariffs.<\/p>\n<p>Mr. Trump met with top European officials demanding fairer trade with the 27-member European Union at his <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-plays-golf-scotland-nationwide-protests\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">golf course on the Scottish coast<\/a><\/span>. <\/p>\n<p>&#8220;It was a very interesting negotiation. I think it&#8217;s going to be great for both parties,&#8221; the president said.<\/p>\n<p>The deal, according to European Commission chief Ursula von der Leyen, is a 15% tariff across the board. She praised Mr. Trump, calling it a &#8220;good deal&#8221; and a &#8220;huge deal&#8221; that followed &#8220;tough negotiations.&#8221;<\/p>\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\">\n<p>      <span class=\"img embed__content\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets1.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/27\/5e1ee3eb-7c9e-4688-b714-8d7a3894c0ca\/thumbnail\/620x413\/57613e5a49e815f50613c58c2b6d9b66\/ap25208611431791.jpg#\" alt=\"Trump Scotland \" height=\"413\" width=\"620\" class=\" lazyload\" srcset=\"https:\/\/assets1.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/27\/5e1ee3eb-7c9e-4688-b714-8d7a3894c0ca\/thumbnail\/620x413\/57613e5a49e815f50613c58c2b6d9b66\/ap25208611431791.jpg 1x, https:\/\/assets1.cbsnewsstatic.com\/hub\/i\/r\/2025\/07\/27\/5e1ee3eb-7c9e-4688-b714-8d7a3894c0ca\/thumbnail\/1240x826\/dab7148cb5d77ccc1d923b9b2c64405a\/ap25208611431791.jpg 2x\" loading=\"lazy\"\/><\/span><figcaption class=\"embed__caption-container\">\n<p>                  <span class=\"embed__caption\">President Donald Trump and European Commission President Ursula von der Leyen speak as they meet at the Trump Turnberry golf course in Turnberry, Scotland Sunday, July 27, 2025.<\/span><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>                Jacquelyn Martin \/ AP<\/p>\n<p>                          <\/span><br \/>\n              <\/figcaption><\/figure>\n<p>Mr. Trump said, &#8220;I think we both wanted to make a deal,&#8221; and he predicted it would &#8220;bring us closer together.&#8221; Mr. Trump also said more than once to reporters Sunday that it was the &#8220;biggest of all the deals.&#8221;<\/p>\n<p>Von der Leyen said the negotiations addressed the EU&#8217;s trade surplus with the U.S., and the deal would be carried out in a way that would enable trade to continue while jobs on &#8220;both sides of the Atlantic&#8221; would be rebalanced.<\/p>\n<p>According to Mr. Trump, the deal also includes that all European Union countries will be &#8220;opened up for U.S. goods&#8221; at 0% and the bloc will invest $600 billion in the U.S. The EU will also purchase $750 billion of U.S. energy as part of the deal.<\/p>\n<p>In remarks before the session, Mr. Trump pledged to change what he characterized as &#8220;a very one-sided transaction, very unfair to the United States.&#8221;<\/p>\n<p>&#8220;I think the main sticking point is fairness,&#8221; he said while also noting, &#8220;We&#8217;ve had a hard time with trade with Europe, a very hard time.&#8221;<\/p>\n<p>Without a deal, Mr. Trump had threatened to hit imports from the EU&#8217;s 27 member countries with a 30% tariff rate. The president has long been critical of the U.S.-EU trade relationship, claiming the U.S. has been treated unfairly. Last year, the U.S. trade deficit with the EU was about $235 billion.<\/p>\n<p>Joining von der Leyen were Maros Sefcovic, the EU&#8217;s chief trade negotiator; Bj\u00f6rn Seibert, the head of von der Leyen&#8217;s Cabinet; Sabine Weyand, the commission&#8217;s directorate-general for trade, and Tomas Baert, head of trade and agriculture at the EU&#8217;s delegation to the U.S.<\/p>\n<p>Their meeting came after Mr. Trump played golf for the second straight day at his Turnberry course on the southwest coast of Scotland, this time with a group that included sons Eric and Donald Jr. The president&#8217;s five-day visit to Scotland is built around golf and promoting properties bearing his name.<\/p>\n<p class=\"content__meta--contributors\">\n<p>                      <span class=\"byline__author__text\">Ellen  Uchimiya<\/span><\/p>\n<p>        contributed to this report.\n    <\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/trump-european-union-trade-deal-reached-scotland\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Trump announced Sunday that the United States and the European Union had reached a trade deal after high-stakes meetings<\/p>\n","protected":false},"author":1,"featured_media":40480,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[569],"class_list":["post-40479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-european-union"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump says U.S. has reached trade deal with European Union as Aug. 1 deadline loomed - World News<\/title>\n<meta name=\"description\" content=\"President Trump met with top European officials demanding fairer trade with the 27-member European Union at his golf course on the Scottish coast.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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