Trump agrees US-EU trade deal avoiding tariff war in Turnberry talks with Von der Leyen
Donald Trump has announced a huge trade deal with the European Union worth more than $1.35 trillion (£1.05 trillion) after meeting European Commission chief Ursula von der Leyen at his Turnberry golf resort in South Ayrshire.
The former US President said the agreement, struck during Von der Leyen's visit today, will see the EU buy $750bn of American energy and invest a further $600bn into the US economy.
Trump told reporters: 'The European Union is going to agree to purchase from the United States $750 billion worth of energy.
'They are going to agree to invest into the United States $600 billion more than they're investing already. So they're investing a large amount of money.
'You know what that amount of money is, it's very substantial.'
He added that all EU countries had agreed to open up their markets for zero-tariff trade with the US and to purchase 'a vast amount of military equipment,' calling the deal 'bigger than any other deal', reports the Mirror.
Trump also revealed both sides had agreed to a 'straight across' 15% tariff on cars. 'I think that basically concludes the deal,' he said.
Von der Leyen said the US and EU remain the world's biggest trading partners and described the talks as an attempt to 'rebalance' the multi-trillion-dollar relationship.
Calling Trump 'a tough negotiator and dealmaker,' she added: 'I think it would be the biggest deal each of us has ever struck.'
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Trump described hosting Von der Leyen at his Scottish resort as 'an honour' and repeated his long-standing concerns about 'unfair' trade with Europe, warning that without an agreement, the US had been ready to impose 30% tariffs on EU imports.
The agreement follows months of tense negotiations, with both sides previously threatening retaliatory tariffs on goods ranging from European cars and cheese to American beer and aircraft.
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