The president of the European Union has been moderately optimistic about the chances of reaching a trade agreement with the European Union before the deadline for August 1st.
“I would say we have 50-50 chances-maybe less-” Trump told reporters at the White House shortly before leaving for a private visit to Scotland and meeting with British Prime Minister Kir Starmer.
The US and the EU They have been in intensive negotiations in recent weeks, as the deadline for 30% of Trump is approached by all imports from the 27 -member Union, which amounted to $ 605 billion last year.
To target exports of $ 370 billion
Trump stressed on Friday that any agreement with European countries should include “a reduction in their own duties, as it is currently at 30%”. Essentially, this depends on how willing the Union will be to reduce obstacles to US exports, he added.
Last year, the United States exported goods worth about $ 370 billion in the EU. Much of them, along with some export services, could be targeted by EU retaliation.
More optimistic than Japan
However, Trump said he was more optimistic about an agreement with the EU than it was for an agreement with Japan, a few days before Washington and Tokyo reached an agreement last week.
“I would say we had a 25% chance of Japan. And they insisted, and we finally made the deal, “he said.
