European stocks were poised to rise on Monday as a deal between the US and European Union appeared to head off the risk of a damaging transatlantic trade war.

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.

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.

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’.

Under the proposal described to AFP, the EU would commit to ramp up purchases of US liquefied natural gas, along with other investment pledges.

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 deal staves off, at least for now, far higher imports on both sides that might have sent shockwaves through economies around the globe.

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.

Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.

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

European shares to open higher after deals end uncertainty over trade tariffs ahead of President Trump’s August deadline

European stocks were poised to rise on Monday as a deal between the US and European Union appeared to head off the risk of a damaging transatlantic trade war.

Live, rolling coverage of business, economics and financial markets as Donald Trump and Ursula von der Leyen agree deal in Scotland

Trump tariff of 15% means European exporters will face more than triple the average 4.8% levy now in force

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