European Commission President Ursula von der Leyen will meet President Trump in Scotland on Sunday to discuss a potential trade deal. CBS News business contributor Javier David has more.
Breakdown
- President Trump and EU Commission President von der Leyen are meeting to discuss a trade deal.
- Trump has threatened a 30 percent tariff on EU imports if no agreement is reached. 7s
- Experts suggest a realistic deal would involve tariffs around 10 to 15 percent. 1m 18s
- Major issues like the EU's value-added tax are unlikely to be resolved in the talks. 1m 31s
- A weaker US dollar could help American exports, but higher tariffs may offset those gains. 2m 44s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.