Overview

• President Trump and European Commission President Ursula von der Leyen are holding a face-to-face summit today at Trump’s Turnberry Golf Club to lock in a framework for 15% reciprocal tariffs.
• The EU has paused plans for a web tax to ease negotiations after months of tariff threats and counter-threats between the US and Europe.
• US negotiators are pressing the EU to commit to buying semiconductors exclusively from American suppliers and to roll back parts of the Digital Market and Digital Services Acts.
• US Commerce Secretary Howard Lutnick confirmed there will be no extension beyond the August 1 deadline for threatened 30% tariffs on EU imports.
• Police Scotland deployed a security operation costing up to £1.4 million as thousands of protesters from the Stop Trump Coalition demonstrated across Scotland.