European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as the two sides aim to conclude a trade deal ahead of an Aug.

US President Trump stated a “50/50 chance” of securing a trade agreement with the EU to lower import tariffs, with an August 1 deadline looming. While the EU approved a $109 billion retaliatory package,

U.S. President Donald Trump on Friday said there was a 50-50 chance or perhaps less that the United States would reach a trade agreement with the European Union, saying Brussels wanted to "make a deal very badly".

Donald Trump said Friday there was a 50 percent chance of a trade deal with the European Union as the bloc's chief Ursula von der Leyen announced a weekend meeting with the US president. Von der Leyen said Friday she will meet Trump in Scotland this weekend to address the tariffs standoff.

German auto giant Volkswagen is feeling the effects of President Trump's tariff policy. An EU-US trade deal can't come soon enough for the Wolfsburg-based automaker.

Confident that his right-wing populist policies would help win him favor with Trump’s administration, Orbán said in an interview in April that while tariffs “will be a disadvantage,” his government was negotiating “other economic agreements and issues that will offset them.”

Norwegian steel producers are reeling after the European Union (EU) made a surprise announcement. In a letter sent to countries within the European Economic Area (EEA), the EU revealed that it will introduce new tariffs targeting imports of ferroalloys—an essential material used in steel production.

On July 17, Korea’s Industry Ministry reported that EV exports (incl. hydrogen vehicles) hit 780M USD in June—up 11.2% YoY, marking the first rise since Jan 2024. With domestic demand also rebounding,