Gold prices steady ahead of Fed decision, Trump’s tariff deadline
Investing.com -- President Donald Trump estimated a 50-50 chance of reaching a trade agreement with the European Union to reduce tariff rates on imports, speaking to reporters Friday before departing for Scotland.
"I would say that we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU," Trump said.
Despite his initial cautious assessment, the president quickly shifted tone, noting that negotiators from both sides were working "closely" together and expressing optimism that an agreement "could come to fruition."
"I think EU has got a pretty good chance of making a deal," Trump added.
The negotiations face an August 1 deadline, after which Trump has threatened to impose a 30% tariff on most EU goods if no agreement is reached.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.