President Trump said on Friday that there was a “50/50 chance, perhaps less than that” of his administration concluding a trade agreement with the European Union before an imminent deadline next week.
Mr. Trump, who made the comments before leaving for a Four -day visit to ScotlandCome in front of the White House August 1 To conclude trade agreements with the EU and other nations. If the United States and the EU fail to conclude an agreement, the president threatened to impose a price of 30% on imports from the 27 member countries of the commercial block.
Dozens of other nations are also faced with higher rate rates from August 1, with the exception of those who have already concluded an agreement before the deadline.
The United States has recently announced the contours of commercial transactions with Japan,, ChinaIndonesia, The Philippines And UNITED KINGDOMBut with many details remaining to be finalized.
This is a news and will be updated.
contributed to this report.