US President Donald Trump and EU chief Ursula von der Leyen are set to meet in Scotland amid trade negotiations. The goal of the talks is to finalize a deal that prevents Trump from imposing 30% tariffs on EU goods, which are scheduled to take effect soon. EU negotiators propose reducing tariffs to 15%. Trump has expressed cautious optimism about the meeting, indicating numerous challenges remain but rating the chances of a successful agreement at 50-50.
Brussels aims to ink a deal with Washington to avoid a transatlantic trade war, as Trump threatened 30% tariffs on EU goods if no agreement is reached.
European negotiators are aiming for tariffs to be set at 15 percent, while Trump warned he could impose 30 percent tariffs if a deal isn't secured.
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