EU and US Close to Trade Deal as Von der Leyen Meets Trump in Scotland

The European Union is close to finalizing a trade deal with US President Donald Trump. European Commission president Ursula von der Leyen will meet Trump during his visit to Scotland. Trump is also scheduled to meet British Prime Minister Keir Starmer.

Von der Leyen's visit is at Trump's invitation, with hopes of signing the deal before the weekend ends. Trump expressed optimism about the deal, signaling a potential end to trade war threats.

Trump praised Starmer, Scotland's first minister John Swinney, and called French President Emmanuel Macron a 'team player.' He expressed eagerness to meet Swinney and hinted at seeking more concessions from the EU.

Von der Leyen confirmed a meeting with Trump to discuss transatlantic trade relations. Sources suggest Trump will only meet if a deal is ready to be signed.

Trump hinted at expanding the UK deal and possibly eliminating the steel tariff. The EU is prepared for an agreement on baseline tariffs, affecting car imports.

Volkswagen reported a significant financial impact due to Trump's import tariffs. Trump had previously struck a deal with Starmer, which led to tariff reductions on cars.

The ethanol industry is concerned about US ethanol imports. The National Farmers' Union expressed worries about potential US dairy imports affecting the farming sector.

Trump aims to finalize deals with countries facing punitive tariffs by his deadline. He is focused on reaching an agreement with the EU.