Trump and EU Chief to Meet Sunday Effort to Finalize Trade Deal MHM NEWS

MHM NEWS

Trump and EU Chief to Meet Sunday Effort to Finalize Trade Deal

Transcript

00:00European Union, EU, Chief Ursula von der Leyen and U.S. President Donald Trump have announced

00:11that they will hold an important meeting in Scotland this Sunday. The goal will be to end

00:16the long-standing trade deadlock between the two sides of the Atlantic. AFP reported this news from

00:22Brussels. Dear viewers, if you like this news, please like it and share your comments in the

00:27comment box. To reduce his country's trade deficit, Trump has warned that if an agreement

00:35is not reached by August 1, he will increase tariffs on many countries. The EU is currently

00:41facing a threat of 30% U.S. tariffs and is making strong efforts to reach a deal. However, they are

00:48also prepared to take retaliatory measures if discussions fail. Von der Leyen first announced

00:53the meeting on X, formerly Twitter, writing, After a fruitful phone call with President Trump,

00:59we have decided to meet in Scotland on Sunday to discuss the transatlantic trade relationship

01:04and how to strengthen it. Arriving in the UK on Friday night, Trump told reporters,

01:10I will be meeting with the EU on Sunday and we will work towards a deal. Ursula will also be there.

01:16She is a very respected woman. So we are optimistic about this. He further added,

01:21Let's see if we can reach a deal. The possibility of a deal is 50-50 because there are still about

01:2720 points of disagreement. Trump said, If it's possible, it will be the biggest deal.

01:33This high-level meeting is taking place after months of continuous discussions and positive

01:38talks in recent days. According to European diplomats, under the discussed proposal,

01:44the U.S. could impose a 15% tariff on EU goods, which is equivalent to the deal made with Japan this week.

01:50In addition, some concessions may be given for important sectors.

01:55Von der Leyen's spokesperson Palapino stated that intensive discussions are ongoing at political

02:00and technical levels before Sunday's meeting. She further said, Now the leaders will review the

02:06discussions comprehensively and move towards a balanced solution that will ensure predictability

02:12and stability for businesses and consumers on both sides of the Atlantic.

02:16Final decision in Trump's hands

02:19Since Trump took office, the EU has faced multiple tariffs. Currently, there is a 25% tariff on European

02:28cars, 50% on steel and aluminum, and 10% on general goods. However, if no agreement is reached,

02:35it could increase to 30%. The EU wants to avoid these additional tariffs because they could inflict a new

02:42blow on Europe's recession-hit economy. The EU and the U.S. have annual trade in goods and services

02:48worth 1.6 trillion euros, 1.9 trillion U.S. dollars. EU member states have given the European Commission

02:56the authority to negotiate the agreement, although they also have plans for retaliatory tariffs if

03:02negotiations fail. To maintain pressure, EU states approved a package of retaliatory tariffs on U.S.

03:09goods worth 93 billion euros, $109 billion, last Thursday. If no agreement is reached, these tariffs are

03:17planned to be implemented in phases starting Aug. 7. Most European countries are willing to agree to a 15% tariff.

03:24Most European countries are willing to agree to a 15% tariff. However, diplomats have stated that they want

03:39concessions in several important sectors including aviation, steel, timber, pharmaceuticals, and agricultural

03:46products. In the case of steel, a specific quota may enter the U.S. duty-free under an agreement, while a

03:5350% tax will be imposed if the quota is exceeded. The Trump administration has signed only five agreements so far

04:01with a few countries like Britain, Japan, and the Philippines. Although the EU is optimistic about a deal,

04:09concerns remain about the August 1st deadline. Even earlier this month, EU officials thought they were on the

04:15verge of a deal. Then Trump suddenly complicated the situation again by threatening to raise tariffs to 30%. An EU

04:23diplomat told AFP this week, the final decision is actually in President Trump's hands.

04:31Trump and the US, is about the EU government, China, and the EU government, Jerusalem, and the Trump president Donald Trump,

04:40ઉર્સ્લા ભાણ ડાર લેન ઓ મારકેન પેશિડેન ડોનાલ ટામ ભશના કરેશેન જે તારા આગામી ર્બાર ઇ સ્કટલ�

05:10તારિખેન મંધે સમાજતા ના હોલે તિની બહું દેશેર ઉપર શુલ્કો બારીએ દેબેન ઈ ઈઉ પોધાને તિરિશ �

05:40પોણાલા પેર પર આમરા રવીબાર સ્કોટલાન્ડે દાખા કરાર એબું ટાંસ આટલાટન્ટિક બાનિજ્ય સમ્પર�

06:10સમમાનીતો નારી તાય આમરા એટિનીએ આશાવાદી તીની આરો બલેન દાખાજાક આમણા કોણ ચુક્તી તે પોસયત�

06:40ઉચ્ચો પર્જાએર એ બલેઠક ટિક ગતમાશે ધારાબાહેક આલો ચોના એબું સમપ્રતેક કોઈક દિનેર ઇતિવા�

07:10મુખમાત્રો પાઉલા પિન હો જાનાં રોબબારેર બોઈઠકેર આગે રાજનિતીક ઓ કારીગોરી પજાઈર નિવિર્�

07:40ટામ ખમતા ગહણેર પર ઈઈઉ એકાધેક શૂલકેર મુખે પરેછે બત્તો માને ઈરોપ્યઓ ગારીતે પતી શતાંશ �

08:10એઈઉ ઓ જુક્તરાષ્ટેર મધ્થે બશરે 1.6 ટેલ્યન એઉરો મુલેર પણ્નો ઓ શેભાગ બારિંજ જરોએછે

08:19EU શદશર રાષ્ટો ગુલો એઉરોપ્યા કમીશન કે ચુક્તિર આલોચનાર ખમોતા દીએછે

08:27જોદ્યા આલોચનાય બાથ્તા હલે પોતિશોત મેલોક શૂલ્કેર આરોપેર પરિકલ્કણાં તાદેર રોએછે

08:32જાપ બજાય રાક્તે એઉં રાષ્ટોક્લો ગતોકેર ભ્હશ્પતીબાર

08:35તીરાણ્બોય બીલ્યોન એઉરો મારકીણ પોણને પોતિશોત મલોક શૂલકેર એક્ટિવ પ્કેજ અનુમદન કરે

08:40જોદી સમજતા ના હોય તબે એઈ શૂલ્કો આગામી સાત આગોસ્તકે ધાપે ધાપે કારજો કરકરા પોરિકોલ પો�

09:10જુક્તરાષ્ટે શુલકોમુક્તો પ્રવેશ કરતે પારે કોટા છારાલે પંચા સતાંશ કર બોજબે ટામ પશાશ�

09:40દારણા પોશન કરે છેલેન પરે ટરામ્પ હટાત કરઈ શુલ્કો તાંશ કરાર હુંકી દીએ આભારો પરિસ્થતિ જ

Category

Transcript

Recommended