Overview

• President Trump and European Commission President Ursula von der Leyen concluded talks at his Turnberry resort on July 27 to replace looming 30% U.S. tariffs with a 15% rate on EU exports.
• The EU pledged to buy $750 billion of American energy and direct $600 billion of new investments into the U.S. under the provisional deal.
• Final ratification hinges on member‐state ambassadors convening before the August 1 deadline to endorse the agreement.
• Hundreds of pro-EU demonstrators in Edinburgh and Aberdeen protested against the president’s trade stance and his presence at family-owned golf resorts.
• Ethics groups have raised conflict-of-interest concerns over conducting high-stakes negotiations at properties owned by the Trump Organization.