Trump announces US and EU reached framework for a trade deal
Auzinea Bacon
and
Alejandra Jaramillo
, CNN
US President Donald Trump is in Scotland.
Photo:
ANDY BUCHANAN
President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal after talks with European Commission President Ursula von der Leyen in Turnberry, Scotland.
"The European Union is going to agree to purchase from the United States $750 billion worth of energy," Trump said.
"They are going to agree to invest into the United States $600 billion more than they're investing already."
Trump began talks with von der Leyen earlier Sunday with Friday's deadline looming to reach a trade deal to avoid 30 percent tariffs on European imports. Trump said the United States could not go lower than a 15 percent across-the-board tariff rate for the European Union.
The framework comes after Trump announced duties on most EU goods would be increased from the 10 percent universal baseline to a 30 percent levy on August 1, citing that the United States and European Union have one of the "largest trade deficits" and failed to reach a deal by Trump's previous July 9 deadline.
At a news conference ahead of the talks, Von der Leyen told Trump he is "known as a tough negotiator and dealmaker."
European Commission President Ursula von der Leyen called Trump a "tough negotiator".
Photo:
AFP /NICOLAS TUCAT
Trump reaffirmed that tariff letters to other US trading partners who failed to secure a deal will face new duties on Friday, with the exception of tariffs on steel and aluminium.
"Most of the deals, other than steel and aluminium, which we've been getting 50 percent tariffs from," he said.
Earlier on Sunday, Commerce Secretary Howard Lutnick said there would be no further extensions or grace periods after August 1, but "big economies" can continue trade talks with the United States. Lutnick is in Scotland with Trump for EU trade talks.
"August 1, the tariffs are set. They'll go into place," Lutnick said in an appearance on "Fox News Sunday."
- CNN
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NZ Herald
35 minutes ago
- NZ Herald
PM's calls out nurses union and Youth unemployment rates
How will the trade deal between EU and US affect the global economy? How will the trade deal between EU and US affect the global economy? and Genesis energy could cut Huntly capacity, 2degrees Business with BusinessDesk's Garth Bray.


Scoop
35 minutes ago
- Scoop
On National's Bid To Steal Future Elections
Article – Gordon Campbell Other countries are expanding the ability of their citizens to vote. In Britain (from which New Zealand has long taken its constitutional cues) the franchise is being extended to 16-year-olds. In this country, were headed in the opposite direction. Other countries are expanding the ability of their citizens to vote. In Britain (from which New Zealand has long taken its constitutional cues) the franchise is being extended to 16-year-olds. In this country, we're headed in the opposite direction. The Luxon government is taking steps to make it significantly more difficult for people to cast a vote, and prisoners will lose their right to vote altogether. No valid reasons are being given for these changes. Formerly, we were world leaders in the ease of voting. People could register and vote on Election Day. But once the new legislation is passed, voters will need to have enrolled some 13 days prior to Election Day. At the 2023 election, 110,000 people registered and voted on Election Day. This was a 46% increase of same-day turnout at the prior election. During the two weeks before election day, 454,000 people registered to vote. Given those numbers, the changes being made by the coalition government will inevitably have a significant impact on the election result. No doubt, same day registration has put added pressure on the Electoral Commission to process the votes accurately, and on time. Any human error is one too many. Yet as the Auditor General's report on the 2023 election noted, 'The relatively small number of errors did not affect the overall outcome.' In the one electorate where a journalist had queried the calculations, the Auditor-General further noted, the subsequent Electoral Commission revision 'did not change the candidate or party vote outcomes.' So, at the last election, despite the sharply increased influx of votes close to election day, only minor errors occurred and these had no impact on any of the results. Yet rather than fund the Commission to be better able to process this welcome late rush of ballots, the Luxon government is choosing instead to stop latecomers from being able to vote at all. It is hard to see this as anything other than a bid by the coalition parties to skew the 2026 election results to their own benefit. When more hurdles are put in front of voters, the young and Māori stand to be disproportionately affected. No doubt it is a sheer co-incidence that those groups are statistically more likely to vote for the centre-left and/or for Te Pāti Māori. Voting in prison In addition, a National-led government will once again deny all prisoners the right to vote. Under successive Labour governments, prisoners could vote if they were serving sentences of less than three years. In 2010, the Key government abolished that right, after ignoring a critical report by the-then Attorney General Chris Finlayson on the steps being proposed. Finlayson indicated that a blanket ban on prisoner voting would be inconsistent with section 12 of our Bill of Rights legislation. In fact, [Finlayson] argued, the supposed objective of the Bill – to deter serious offending – was 'not rationally linked' to the Bill's own provisions to impose a blanket ban on prisoner voting. Reason being, serious offenders are already banned from voting by the existing law. As for everyone else : ' It is questionable that every person sentenced to any period of punishment is a serious offender. People who are not serious offenders will be disenfranchised…' The blanket ban, Finlayson concluded, cannot be justified. Having pointed out the irrationality of denying all prisoners the vote, Finlayson then went further, to show how unjust even the existing provisions could play out in practice: The avowed purpose of the Bill is to deter serious offending. Yet as Finlayson pointed out, under its provisions someone sentenced to home detention would still be able to vote, but someone sentenced to jail for the very same offence would be disenfranchised. Moreover, a serious violent offender sentenced to two and half years in jail would not lose their right to vote if their sentence fell – purely by chance – into the period between elections. Yet by the same token, someone sentenced to a week in jail for not paying their parking fines would lose their right to vote, if they were unlucky enough to be sentenced at the wrong point in the electoral cycle. 'Justice, to state the obvious, should not be reduced to such games of chance.' This shabby episode is about to be played out again. This time around, a critical report by the current Attorney-General, Judith Collins is also being ignored. Similar violations of human rights will recur. To be clear: for people in jail, the sentence they are serving is the punishment for their offence. Tacking on punitive extras like losing their right to vote is petty and vengeful, and will do nothing to aid the re-integration of prisoners back into society on their release. In other respects, the Bill being proposed by Justice Minister Paul Goldsmith repeats some of the same anomalies identified 15 years ago by Chris Finlayson. People on home detention will still be able to vote but those in jail will not, even if they have committed the same offence. Thankfully, those on remand will still be allowed to vote. Not many people in prison do vote. Only 84 prisoners nationwide voted in the 2023 general election, out of circa 5,000 who were eligible to vote, and 41% of those voters identified as Maori. (Part of the overall low turnout can be attributed to the cumbersome process of enrolling and casting a special vote.) Although it is a very small cohort, the high proportion of Māori among the bloc of imprisoned voters merits further research into the rehabilitative role – for some offenders at least – of cultural identity and voter participation. To repeat: the changes being proposed look highly dubious. Instead of expanding the franchise and encouraging more people to vote, steps are being taken to limit participation, and by measures likely to penalise the current government's political opponents. Footnote One: Should 16-year-olds get the vote? Of course. They will inherit the effects of government actions and inactions, especially on climate change. There is a myth about young people not being interested in politics. In reality, the deeper problem is that politicians routinely fail to engage with the problems – climate change, high rents, too few jobs etc – that matter to them. As a percentage of those aged 18-24 eligible to vote, just over two thirds do so. Yet that participation rate has been improving, arguably as a result of last minute, Election Day registration. That conclusion is backed up by this chart – which shows that 74% of enrolled 18 to 24-year-olds voted in 2023. That turnout was higher than for every age band of enrolled voters between 30 and 45. Meaning : young people turned up on polling day, enrolled, and voted right then and there. National now wants to stop them from being able to do so. Surely, we should be trying to make it easier for the young to get enrolled, and vote. Instead, those in power are doing the reverse. As for the obvious fairness issues involved in allowing 16-year-olds to vote…No doubt, having civics lessons while 16 to 18-year-olds are still in school could be a significant help in fostering the habit of voting. Yet on those statistics cited above, the problem of non-voting by enrolled voters only really begins to kick in between 25-29, and gets worse thereafter until advanced middle age. This suggests that 20-somethings learn pretty quickly that their voices are being habitually ignored by those in power, so why bother keeping up the charade? Now.. and thanks entirely to this government, any initially disinterested/disillusioned voters who have second thoughts and engage with party politics only at the very last minute will no longer be able to enrol on Election Day. Smoking is a habit The tax break for Big Tobacco (now being extended from one to three years by New Zealand First Minister Casey Costello) is being estimated to cost about $300 million. Initially, NZF had promised that this tax break would be for only a one year trial, and be subject to research as to whether more people were actually switching from harmful nicotine to the monopoly line of heated tobacco products being sold by Philip Morris. This ' trial' and related tax giveaway has now been extended until 2027 at least. Meanwhile, as Labour's Ayesha Verrall has pointed out, the public health system – which could have made far better use of that $300 million giveaway– staggers on while under-funded, under-staffed, and under-paid. When it suits, changes get fast tracked. Not this time. For Big Tobacco, exceptions and foot dragging are the rule. Rastafarians at least, are upfront about the addictive nature of their herb of choice. Here's King Still, deejaying on top of a rhythm laid down by Clancy Eccles and the Dynamites:


NZ Herald
an hour ago
- NZ Herald
Severe thunderstorm watch in place for Northland, Auckland and Coromandel
How will the trade deal between EU and US affect the global economy? How will the trade deal between EU and US affect the global economy? and Genesis energy could cut Huntly capacity, 2degrees Business with BusinessDesk's Garth Bray.