The US president told reporters the deal involved a baseline levy of 15% on EU exports to the US. The agreement came as the clock ticked down on an August 1 deadline for the EU to strike a deal with Washington, or face an across-the-board US levy of 30%.

"I think we have a good 50/50 chance. That's a lot," Trump said.

The US president is to meet the EU chief in Scotland as Brussels strives for a deal before Trump’s Friday deadline.

Ursula von der Leyen is set to meet with Trump on Sunday to try and clinch a trade deal for Europe that would likely see a 15% baseline tariff on most EU goods.

At a meeting with Ursula von der Leyen at Trump’s Turnberry golf resort in Scotland, Trump said the agreement is ‘a good deal for everybody’.

If there is no deal and the US imposes 30 per cent tariffs, the EU has prepared counter-tariffs on US$109 billion of US goods.

President Donald Trump and European Commission President Ursula von der Leyen met for a pivotal discussion before Trump's Aug 1. tariff deadline.

Trump said the EU will invest $600 billion in the U.S. and buy $750 billion worth of U.S. energy products.

President Donald Trump announced 15% tariffs on most foreign goods from the European Union, down from the threatened 30%, as part of a trade agreement .

US President Donald Trump and EU chief Ursula von der Leyen confirm the deal after "tough negotiations" in Scotland.

The US president told reporters the deal involved a baseline levy of 15% on EU exports to the US. The agreement came as the clock ticked down on an August 1 deadline for the EU to…

US president and his EU counterpart strike sweeping 15 percent tariff deal to stabilise transatlantic trade.

TURNBERRY, Scotland: The US struck a framework trade agreement with the European Union on Sunday, imposing a 15 percent import tariff on most EU goods — half the threatened rate —…

TURNBERRY, Scotland: The US struck a framework trade agreement with the European Union on Sunday, imposing a 15 percent import tariff on most EU goods — half the threatened rate —…

Donald Trump and Ursula von der Leyen announced a deal on Sunday, but questions remain over what the finished picture will be

The deal was struck less than a week before the U.S. threatened to levy a much higher 30% tariff on European goods.

Ursula von der Leyen and Donald Trump unveiled a slew of figures on Sunday, but several issues still need to be resolved in future negotiation rounds. Some appear almost…