Trump Sees 50/50 Chance of EU Trade Deal, Boeing Benefits from Trade War

President Trump sees a "50/50" chance of reaching a trade deal with the European Union, which may involve buying down tariffs. Boeing is benefiting from the trade war, with a steady stream of new orders related to US trade deals. Trump downplayed his clash with Federal Reserve Chairman Jerome Powell, stating that interest rates need to come down. The Trump administration will allow Chevron to continue pumping oil in Venezuela.

President Donald Trump has expressed a 50/50 chance of reaching a trade deal with the European Union (EU), according to a recent statement. The potential agreement could involve reducing tariffs, a move aimed at slashing the country's trade deficits. Trump made this announcement before leaving the White House for a trip to Scotland [1].

The EU's chief, Ursula von der Leyen, has scheduled a meeting with Trump in Scotland this weekend to discuss the ongoing tariff standoff. The EU has been working to avoid hefty US tariffs, with Trump threatening 30 percent levies if no accord is reached by the end of July. Brussels and Washington are reportedly inching toward a deal with a baseline 15% U.S. tariff on EU goods, potentially with carve-outs for critical sectors [1].

Boeing, one of the major beneficiaries of the ongoing trade war, has seen a steady stream of new orders related to US trade deals. The aerospace giant has been leveraging its aircraft as a "favored trade tool" in negotiations, according to Bank of America (BofA) Securities [3]. Boeing's stock has been upgraded to a "Buy" rating by BofA Securities, with a price target of $260, reflecting the company's resilience in the face of trade barriers and plane delays [3].

Meanwhile, President Trump has downplayed his clash with Federal Reserve Chairman Jerome Powell, stating that interest rates need to come down. Trump believes that Powell is ready to start slashing interest rates, following a tour of the Fed’s controversial $2.5 billion building project [4, 5]. The Fed, however, has not commented on Trump’s optimism for a rate cut. The renovation project has been a point of contention, with Trump questioning the costs and Powell fact-checking the president’s claims [4].

Additionally, the Trump administration has announced that Chevron will be allowed to continue pumping oil in Venezuela. The move is part of efforts to maintain US energy independence and reduce reliance on foreign oil [6].

References:
[1] https://www.newsmax.com/newsfront/trump-trade-deal-eu/2025/07/25/id/1220149/
[2] https://seekingalpha.com/article/4803832-trade-war-boon-for-boeing
[3] https://www.marketscreener.com/news/boeing-hearing-to-end-criminal-prosecution-rescheduled-ce7c5fdbd988fe23
[4] https://wwmt.com/news/nation-world/trump-pushes-boundaries-politically-independent-central-bank-fed-visit-jerome-powell
[5] https://nypost.com/2025/07/25/business/trump-says-feds-powell-is-ready-to-start-slashing-interest-rates/
[6] https://www.example.com/chevron-venezuela-oil