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EU Trade Deal with Trump: Commerce Secretary Lutnick on 50-50 Odds Ahead of August Deadline
ByAinvest
Sunday, Jul 27, 2025 1:16 pm ET1min read
US Commerce Secretary Howard Lutnick agrees with President Donald Trump's "50-50" odds of striking a trade deal with the European Union ahead of an Aug. 1 deadline. Lutnick says the main question is whether the EU will offer Trump a "good enough" deal to step off 30% tariffs. Trump met with European Commission chief Ursula von der Leyen in Scotland on Sunday, with von der Leyen agreeing with Trump's odds of a deal being reached before the deadline.
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