Trump and von der Leyen agree EU-US deal on US President's Scotland visit
President of the EU Commission Ursula von der Leyen said the agreement would provide 'certainty in uncertain times' for citizens and businesses, while Mr Trump hailed what he described as the 'biggest deal ever made'.
They also agreed 'zero for zero' tariffs on a number of products including aircraft, some agricultural goods and certain chemicals, Ms von der Leyen said.
The two leaders met at the US President's Turnberry golf resort in Ayrshire on Sunday to hammer out the broad terms of the agreement, the detail of which is due to be fleshed out in the coming weeks.
Before their bilateral talks, which lasted around an hour, Mr Trump had said there was a '50-50' chance of the deal being reached as a number of the sticking points remained.
Following the meeting, he 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: 'Today's deal creates certainty in uncertain times, it delivers stability and predictability for citizens on both sides of the Atlantic.'
Irish Taoiseach Micheal Martin welcomed the 'clarity' the agreement brought to the transatlantic trade relationship and said the implications for exports from Ireland would be studied in the coming days.
Together, the EU and the US are a market of 800 million people. And nearly 44 percent of global GDP.
It's the biggest trade deal ever ↓ https://t.co/rG3cHebXEk
— Ursula von der Leyen (@vonderleyen) July 27, 2025
'That is good for businesses, investors and consumers. It will help protect many jobs in Ireland,' he said.
'The negotiations to get us to this point have been long and complex, and I would like to thank both teams for their patient work.
'We will now study the detail of what has been agreed, including its implications for businesses exporting from Ireland to the US, and for different sectors operating here.'
The development on Sunday evening looks to have averted the prospect of transatlantic trade war amid concerns that US tariff rates could damage the world economy.
However, uncertainty remains over American levies on steel, which Mr Trump has suggested remains subject to a rate of 50%.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
6 minutes ago
- Reuters
US LNG producers soar as EU agrees to $250 billion in annual purchases
July 28 (Reuters) - Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade (NEXT.O), opens new tab, Venture Global (VG.N), opens new tab, and Cheniere Energy (LNG.N), opens new tab jumped between 7% and 8.8%, with the deal bolstering the prospects for American LNG exporters as they expand to meet growing demand for cleaner-burning fuels. The EU, seeking to phase out its dependence on Russian gas, committed to buying $250 billion annually in U.S. LNG as part of the framework trade agreement unveiled on Sunday. The U.S. became the world's biggest LNG supplier in 2023, surpassing Australia and Qatar, as surging global prices fed demand for more exports, due in part to supply disruptions and sanctions linked to Russia's 2022 invasion of Ukraine. The agreement imposes a 15% U.S. import tariff on most EU goods, a softer blow than markets had feared. "Terms of the EU-U.S. trade deal were at the forefront, with the 15% tariff level better than feared (30% was mooted previously)," said Ashley Kelty, an analyst at Panmure Liberum. "This should see less of a drag on industrial activity between the two." Still, Kelty noted the deal could weigh on gas prices. "The demand for the EU to buy more U.S. energy will see more U.S. LNG imports in the future," Kelty said, signalling a potential supply glut. Shares of U.S. natural gas producers Expand Energy (EXE.O), opens new tab and EQT Corp (EQT.N), opens new tab were up 1.6% and 3%, respectively, before the bell.
The Independent
7 minutes ago
- The Independent
Thailand and Cambodia agree immediate and unconditional ceasefire after Trump's trade threat
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story. The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it. Your support makes all the difference.
Scotsman
7 minutes ago
- Scotsman
John Swinney 'to join Donald Trump for dinner' as he vows to press US president on whisky tariffs
The First Minister said the 'uniqueness' of Scotch whisky justified an exemption Sign up to our Politics newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... John Swinney has reportedly accepted an invitation to join Donald Trump for dinner in Aberdeenshire tonight as he vowed to press the US President to exempt whisky from trade tariffs. Sky News said the First Minister will join Sir Keir Starmer at the private engagement this evening, which is expected to be held at Trump International in Menie. Advertisement Hide Ad Advertisement Hide Ad Sir Keir and the US President are due to hold talks at Trump Turnberry in Ayrshire this afternoon, where they will discuss the trade deal between the US and the UK and the war in Gaza. First Minister John Swinney | PA Mr Swinney is then due to hold talks with Mr Trump tomorrow, when he will attend the opening ceremony for a new course at Trump International. Speaking ahead of this meeting, the First Minister said the 'uniqueness' of whisky made in Scotland justified an exemption from the 10 per cent tariff applied on UK exports into the US. He said the tariffs are currently costing the whisky industry £4 million a week. Advertisement Hide Ad Advertisement Hide Ad 'Tariffs are very important for the Scottish economy and obviously scotch whisky is a unique product,' he told BBC Breakfast. 'It can only be produced in Scotland. It's not a product that can be produced in any other part of the world. So there's a uniqueness about that, which I think means there is a case for it to be taken out of the tariffs arrangement that is now in place. 'Obviously the trade deal with the United States provides a degree of stability for economic connections with the United States, but the application of tariffs is increasing the costs for the Scotch whisky industry. 'So one of my objectives will be to make the case to President Trump that Scotch whisky should be exempted from those tariffs. Advertisement Hide Ad Advertisement Hide Ad 'It's a product that is uniquely produced in Scotland, and it's a product that is much welcomed and supported within the United States. And I think there's a really good case for exempting Scotch whisky, and this is an opportunity that I have to put that case to President Trump on behalf of the Scotch whisky industry, which is a significant part of the Scottish economy. 'And the tariffs just now are costing the industry about £4 million each week, so it's a very significant burden on the industry. It would help growth and development within the Scottish economy if we could secure that deal. And, obviously, I'll be using every opportunity I have to try to put that across to President Trump.' Mr Trump's five-day visit to Scotland is largely a private one that has seen the president play golf at his course at Turnberry in Ayrshire ahead of opening a new course at his property in Aberdeenshire on Tuesday. US President Donald Trump as he plays golf at the Trump Turnberry Golf Course. Picture: John Devlin/The Scotsman | John Devlin/The Scotsman Mr Swinney said the final cost of the policing the visit has yet to be worked out. Advertisement Hide Ad Advertisement Hide Ad 'Obviously, we're working very closely with Police Scotland and the Scottish Police Authority about the arrangements for this visit,' he said. 'The security arrangements have gone well since President Trump arrived on Friday, and that's as it should be, because we've got an obligation to make sure that when we have major international visitors, when they come to Scotland, that they are protected and able to go about their activities. Pressed to reveal the bill, Mr Swinney added: 'All of that will be worked out and we'll address that with Police Scotland and the Scottish Police Authority, and we're talking to the United Kingdom government about these questions, but it's important that we have a secure policing operation.
