The US trade agreement is still in the air when Trump moves to Scotland

President Trump said Friday that there is a “50/50 probability, perhaps less than that” of his administration that reaches a commercial agreement with the European Union before an imminent deadline next week.

Mr. Trump, who made the comments before going to a Four days to Scotlandadvances to that of the White House August 1 deadline For surprising commercial agreements with the EU and other nations. If the United States and the EU fail to reach an agreement, the president has threatened to impose a 30% rate on the imports of the 27 member countries of the commercial block.

Dozens of other nations also face higher rates as of August 1, except those that have already made an agreement before the deadline.

The United States has recently announced the contours of trade agreements. With Japan, PorcelainIndonesia, Philippinesand the United Kingdom, although not yet finished many details.

European officials suggested this week that they could be open at a basal rate of 15% of the USA.

Commerce experts say that an US agreement could reflect the Trump administration pact this week with Japan, which imposes a 15% rate on Japanese imports. In return, Japan has pledged to invest $ 550 billion in the US and open its national market for US exports, including cars and certain agricultural products.

Financial markets have remained optimistic this week about the threat of tariffs despite the deadline for the white house approaches for trade agreements, with the main US indexes. UU. Modestly on Friday.

“This week’s reports suggest that the EU and the United States are on the verge of agreeing a commercial agreement with a 15% reference tariff on US imports,” said Jack Allen-Reynolds, an attached economist of Eurozone of Capital Economics, investors in a research note. “It is difficult to turn it as a good business, but at least it would avoid rates and reprisals from the United States.

The Association press contributed to this report.

• Duty
• Donald Trump
• Policy
• Trump administration
• European Union
• United Kingdom