President Donald Trump announced a trade deal between the United States and the European Union with European Commission Chairman Ursula von Der Leyen.
Euro Everyday on Monday after arriving at an outline trade agreement with the United States European Union.
us President Donald Trump And European Commission Chairman Ursula von Der Leyen announced the deal during a meeting in Scotland on Sunday.
The deal would show 15% tariffs on the goods of the European Union imported into the US – Trump threatened to impose imposes from 1 August.
Trump announced from Scotland, “We agree that the tariff directly for automobile and everything else will be 15%direct-race tariff.” “So we have a tariff of 15%. We have to open everyone European countryWhat I think I could say were essentially closed. ,
The European Union heads agree with Trump on China’s trade issues, declare that ‘Donald is right’
US President Donald Trump meets European Commission Chairman Ursula von Der Leyen, Turnberry, Scotland, Britain, on 27 July, 2025. (Reuters / Evelyn Hawkstein / Reuters Photos)
Von deer leyen said
The Framework Deal is similar to a lattice with Tokyo dialogues last week that will see Japan investing in the US about 550 billion billion and 15% tariffs on its cars and other imports.
In the beginning of Monday, the euro stood at around $ 1.18.
The latest development comes when the investor’s focus is moving towards corporate income and central bank meetings in the US and Japan.
US President Donald Trump meets European Commission Chairman Ursula von dera leyen (not painted) with Turnberry, Scotland, Britain, July 27, 2025. (Reuters / Evelyn Hawkstein / Reuters Photos)
Senior currency strategist Rodrigo Catil at the National Australia Bank predicted that this coming week could be positive, “Just purely the fact that we now know the rules of the game.”
File: US dollars and Euro Banknotes are seen in this illustration taken on July 17, 2022. (Reuters/Deaddo Ruvik/illustration/Reuters Photos)
“Now there is more clarity, you will think that not only in America, but around the world, to look at investment, to see expansion, and to look at opportunities,” Catti said on an NAB podcast.
Meanwhile, senior American officials are expected to meet their Chinese counterparts in Stockholm on Monday, aiming to expand a business trus and stop the standing tariff hike.
China is facing the August 12 deadline to reach a sustainable trade agreement on August 12, with no success in the US and is expected to negotiate in Stockholm in China, but analysts said that there was a possibility of expansion of another 90 days of trade truses in mid -May.
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The US dollar was affected by advanced, solid economic figures on Friday, suggesting that the Federal Reserve could take its time to resume interest rate cuts. Both Fed and Bank of Japan are expected to keep the rates stable in this week’s policy meetings, but traders are focusing on subsequent comments to reduce the time of the next tricks.
Anders Hagstrom of Fox News Digital, Stephen Sores and Reuters contributed to the report.
