Trump to meet with UK prime minister on heels of EU trade deal
Trump to meet with UK prime minister on heels of EU trade deal
- Trump, Starmer will visit Trump-owned golf property in Scotland
- Trump called trade agreement reached with EU 'biggest deal ever made'
- Deadline for deals with more than 20 other countries is Aug. 1
(NewsNation) — President Donald Trump will meet with British Prime Minister Kier Starmer on Monday as he wraps up a Scotland trip that resulted in a trade deal with the European Union.
The two leaders will meet Monday at a golf property owned by Trump’s family near Turnberry in southwest Scotland. They will travel to Aberdeen, a city on the country’s northeast coast, where another Trump golf course is located and a third is set to open soon.
The meeting follows a deal announced Sunday in which the EU agreed to purchase $750 billion in energy and invest an additional $600 billion into the U.S., along with purchasing an undetermined amount of military equipment. It will also open its countries to some “zero for zero tariffs.”
“We are agreeing that the tariff, straight across for automobiles and everything else, will be a straight-across tariff of 15%,” Trump added.
Originally, Trump had threatened 30% tariffs against the EU in April. But the new agreement — which Trump has called the “biggest deal ever made” — narrowly avoids his administration’s Aug. 1 tariff deadline.
Leaders across the EU are calling it a positive deal for growth and investment, and the head of the European Commission, Ursula von der Leyen, said it’ll bring stability and predictability to the economy.
“It’s a huge deal, with tough negotiations. I knew it at the beginning, and it was indeed very tough. But we came to good conclusions on both sides,” von der Leyen said.
Trump has secured deals with Japan, the Philippines, Indonesia and the United Kingdom, among other countries, during the 90-day window between the announcement of his “reciprocal tariffs” and their threatened enforcement date.
Commerce Secretary Howard Lutnick has said no extensions or grace periods would be offered after Friday, meaning time is ticking for other deals to be finalized.
More than 20 countries have not yet made a deal with the U.S.
A look at the rates they will face Friday:
- Canada: 35%
- Mexico: 30%
- South Korea: 25%
- South Africa: 30%
- Kazakhstan: 25%
- Laos: 40%
- Malaysia: 25%
- Myanmar: 40%
- Tunisia: 25%
- Bosnia and Herzegovina: 30%
- Bangladesh: 35%
- Serbia: 35%
- Cambodia: 36%
- Thailand: 36%
- Libya: 30%
- Iraq: 30%
- Algeria: 30%
- Moldova: 25%
- Brunei: 25%
- Sri Lanka: 30%
- Brazil: 50%
NewsNation’s Jordan Perkins and Anna Kutz, NewsNation partner The Hill and the Associated Press contributed to this report.