logo
Trump's meeting with a key European official comes as tariff deadline nears

Trump's meeting with a key European official comes as tariff deadline nears

Arab Times2 days ago
EDINBURGH, Scotland, July 27, (AP): Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House's deadline to impose stiff tariff rates is looming. Trump played golf Saturday at his course in Turnberry on the southwest coast of Scotland and is expected to hit the links again frequently during his five-day visit.
On Tuesday, he'll be in Aberdeen, in northeast Scotland, where his family has another golf course and is opening a third next month. Trump and his son Eric are planning to help cut the ribbon on the new course, where public tee times starting Aug. 13 are already on offer. The visit with von der Leyen is expected to be behind closed doors and few further details have been released. Leaving the White House on Friday, Trump said "we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.'
He said the deal would have to "buy down' the currently scheduled tariff rate of 30% on the bloc of 27 member states. Later, von der Leyen posted on X that, "Following a good call' with Trump, the pair had 'agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong.' The US and EU seemed close to reaching a deal earlier this month, but Trump instead threatened a 30% tariff rate on the bloc of nations.
Still, Trump's original deadline for beginning such tariffs has already passed, and is now delayed until at least Friday. Flying to Scotland to enjoy his golf courses hasn't stopped the president from talking trade. After going to Turnberry to play nine holes, have lunch, then play nine more, Trump posted that he'd block any trade deals between the US and Cambodia and Thailand since the two southeast Asian countries remain locked in violent clashes in long-disputed border areas.
Trump wrote that he spoke with Cambodian Prime Minister Hun Manet and Phumtham Wechayachai, the acting prime minister of Thailand, to call for a ceasefire. "I am trying to simplify a complex situation!' he wrote on Truth Social after disclosing his conversation with the Cambodian leader. After speaking with Wechayachai, Trump said both countries want peace and added: "Ceasefire, Peace, and Prosperity seems to be a natural.' The actual likelihood of a deal with the EU, meanwhile, remains to be seen. Trump recently said he thought the odds of reaching a framework with Japan was 25% - but the U.S. and Japan subsequently announced an agreement this past week.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Thailand and Cambodia agree truce after five days of fighting
Thailand and Cambodia agree truce after five days of fighting

Kuwait Times

time5 hours ago

  • Kuwait Times

Thailand and Cambodia agree truce after five days of fighting

Malaysia PM announces ceasefire as first step towards de-escalation, restoration of peace and security PUTRAJAYA: Thailand and Cambodia's leaders agreed to an 'unconditional' ceasefire Monday, after five days of combat along their jungle-clad frontier that has killed at least 36 people. More than 200,000 people have fled as the two sides fired artillery, rockets and guns in a battle over the long-disputed area, which is home to a smattering of ancient temples. The flare-up was the deadliest since violence raged sporadically from 2008-2011 over the territory, claimed by both sides because of a vague demarcation made by Cambodia's French colonial administrators in 1907. Reading a joint statement from the leaders of both countries after peace talks, Malaysian Prime Minister Anwar Ibrahim said they had agreed 'an immediate and unconditional ceasefire' with effect from midnight Monday (1700 GMT). 'This is a vital first step towards de-escalation and the restoration of peace and security,' he said at a press conference in Malaysia's administrative capital Putrajaya, flanked by Thai acting Prime Minister Phumtham Wechayachai and Cambodia's Prime Minister Hun Manet. Anwar said a meeting of military commanders from both sides would take place on Tuesday morning, before the countries' cross-border committee would meet in Cambodia on August 4. As the deal was being announced, an AFP journalist in the Cambodian city of Samraong - 17 kilometers (10 miles) from the fraught frontier - reported hearing continuing artillery blasts. US President Donald Trump - who both nations are courting for trade deals to avert the threat of eye-watering tariffs - intervened over the weekend, and said both sides had agreed to 'quickly work out' a truce. 'Today we had a very good meeting and very good results,' said Cambodia's Hun Manet, thanking Trump for his 'decisive' support and saying the truce would serve as 'a foundation for future de-escalation'. Ahead of the summit, Thailand and Cambodia had traded fresh fire and barbed accusations. Cambodia's defense ministry spokeswoman Maly Socheata said it was 'the fifth day that Thailand has invaded Cambodia's territory with heavy weapons and with the deployment of a lot of troops'. And as he departed Bangkok airport, Phumtham told reporters he did not believe Cambodia was 'acting in good faith'. After the talks hosted by Anwar - chair of the ASEAN bloc of which both Thailand and Cambodia are members - Phumtham called for the truce to be 'carried out in good faith by both sides'. 'Thailand decides for peaceful resolution, while continuing to protect our sovereignty and the lives of our people,' he said. On the eve of the talks, Thailand's military said Cambodian snipers were camped in one of the contested temples, and accused Phnom Penh of surging troops along the border and hammering Thai territory with rockets. It said there was fighting at seven areas in the rural region, marked by a ridge of hills surrounded by wild jungle and fields where locals farm rubber and rice. 'The situation remains highly tense, and it is anticipated that Cambodia may be preparing for a major military operation prior to entering negotiations,' the Thai military statement read. Thai King Maha Vajiralongkorn marked his 73rd birthday on Monday, but a notice in the country's Royal Gazette said his public celebrations scheduled for Bangkok's Grand Palace had been cancelled amid the strife. Trump has threatened both countries with high levies in his global tariff blitz unless they agree to independent trade deals - but said he would 'look forward' to signing them once 'peace is at hand'. Each side had already agreed to a truce in principle, while accusing the other of undermining peace efforts and trading allegations about the use of cluster bombs and targeting of hospitals. Thailand says nine of its soldiers and 14 civilians have been killed, while Cambodia has confirmed eight civilian and five military deaths. The Thai military said it had returned the bodies of 12 Cambodian soldiers killed in combat. More than 138,000 people have fled Thailand's border regions, while around 140,000 have been driven from their homes in Cambodia. With the skirmish enflaming nationalist sentiments, Thailand warned its citizens to 'refrain from any kind of violence, whether in speech or action' against Cambodian migrants living in the country. – AFP

China hopes for ‘reciprocity' at US trade talks
China hopes for ‘reciprocity' at US trade talks

Kuwait Times

time6 hours ago

  • Kuwait Times

China hopes for ‘reciprocity' at US trade talks

STOCKHOLM: China said on Monday it looked forward to ensuring 'reciprocity' in trade with the United States, as top Beijing and Washington economic officials are set to renew negotiations in the Swedish capital Stockholm. Talks between the world's top two economies are expected over two days, with an extension of lower tariff levels on the cards as President Donald Trump's trade policy enters a critical week. Beijing said on Monday it hoped the two sides could hold talks in the spirit of 'mutual respect and reciprocity'. Foreign ministry spokesman Guo Jiakun said Beijing sought to 'enhance consensus through dialogue and communication, reduce misunderstandings, strengthen cooperation and promote the stable, healthy and sustainable development of China-US relations'. For dozens of trading partners, failing to strike an agreement in the coming days means they could face significant tariff hikes on exports to the United States come Friday, August 1. The steeper rates, threatened against partners like Brazil and India, would raise the duties their products face from a 'baseline' of 10 percent now to levels up to 50 percent. Tariffs imposed by the Trump administration have already effectively raised duties on US imports to levels not seen since the 1930s, according to data from The Budget Lab research centre at Yale University. For now, all eyes are on discussions between Washington and Beijing as a delegation including US Treasury Secretary Scott Bessent meets a Chinese team led by Vice Premier He Lifeng in Sweden. In Stockholm, Chinese and US flags were raised in front of Rosenbad, the seat of the Swedish government. While both countries in April imposed tariffs on each other's products that reached triple-digit levels, US duties this year have temporarily been lowered to 30 percent and China's countermeasures slashed to 10 percent. But the 90-day truce, instituted after talks in Geneva in May, is set to expire on August 12. Since the Geneva meeting, the two sides have convened in London to iron out disagreements. China progress? 'There seems to have been a fairly significant shift in (US) administration thinking on China since particularly the London talks,' said Emily Benson, head of strategy at Minerva Technology Futures. 'The mood now is much more focused on what's possible to achieve, on warming relations where possible and restraining any factors that could increase tensions,' she told AFP. Talks with China have not produced a deal but Benson said both countries have made progress, with certain rare earth and semiconductor flows restarting. 'Secretary Bessent has also signaled that he thinks a concrete outcome will be to delay the 90-day tariff pause,' she said. 'That's also promising, because it indicates that something potentially more substantive is on the horizon.' The South China Morning Post, citing sources on both sides, reported Sunday that Washington and Beijing are expected to extend their tariff pause by another 90 days. Trump has announced pacts so far with the European Union, Britain, Vietnam, Japan, Indonesia and the Philippines, although details have been sparse. An extension of the US-China deal to keep tariffs at reduced levels 'would show that both sides see value in continuing talks', said Thibault Denamiel, a fellow at the Centre for Strategic and International Studies. US-China Business Council president Sean Stein said the market was not anticipating a detailed readout from Stockholm: 'What's more important is the atmosphere coming out.' 'The business community is optimistic that the two presidents will meet later this year, hopefully in Beijing,' he told AFP. 'It's clear that on both sides, the final decision-maker is going to be the president.' For others, the prospect of higher US tariffs and few details from fresh trade deals mark 'a far cry from the ideal scenario', said Denamiel. But they show some progress, particularly with partners Washington has signalled are on its priority list like the EU, Japan, the Philippines and South Korea. The EU unveiled a pact with Washington on Sunday while Seoul is rushing to strike an agreement, after Japan and the Philippines already reached the outlines of deals. Breakthroughs have been patchy since Washington promised a flurry of agreements after unveiling, and then swiftly postponing, tariff hikes targeting dozens of economies in April. — AFP

South Korea seeks mutually agreeable US trade package
South Korea seeks mutually agreeable US trade package

Kuwait Times

time6 hours ago

  • Kuwait Times

South Korea seeks mutually agreeable US trade package

SEOUL: Pedestrians walk past a sale sign at the Myeongdong shopping district in Seoul.--AFP SEOUL: South Korea will prepare a trade package that is mutually agreeable with the United States ahead of minister-level meetings planned next week and a US tariff-pause deadline of August 1, the presidential office said on Saturday. The package will include shipbuilding cooperation, a sector of high interest to US Commerce Secretary Howard Lutnick, who discussed the matter with South Korea's Industry Minister Kim Jung-kwan on Friday, it said in a statement. Friday's meeting was a follow-up to a meeting on Thursday, where Lutnick and Kim reaffirmed their commitment to reach a trade deal by August 1, after a joint meeting of finance ministers and top trade envoys that had been scheduled for Friday was postponed. South Korea, facing 25 percent tariffs, is rushing to reach a trade deal with Washington, with National Security Adviser Wi Sung-lac visiting the US recently for high-level talks and Minister for Trade Yeo Han-koo also in the US for negotiations, as pressure grows on officials to clinch a deal that is no worse than Japan's that cut tariffs to 15 percent. South Korea's trade negotiations with the US have included non-tariff barriers in the agricultural and digital service sectors, but foreign exchange has not been part of trade talks beyond usual consultations, according to South Korean officials. US President Donald Trump arrived in Scotland on Friday for bilateral talks with European Commission President Ursula von der Leyen on Sunday, which could yield a trade deal with the European Union, after making a deal earlier this week with Japan and the Philippines. Next week, US officials will hold a new round of trade talks with China in Sweden for an extension to a separate deadline of August 12 set between the two countries. South Korea's Finance Minister Koo Yun-cheol and Foreign Minister Cho Hyun will also hold meetings with US Treasury Secretary Scott Bessent and State Secretary Marco Rubio, respectively, next week. — Reuters

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store