Trump and EU to discuss trade
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President Donald Trump is meeting Sunday with European Commission chief Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates with the White House's deadline to impose stiff import taxes looming this week.
The European Commission will probably not impose a so-called excessive deficit procedure on Germany for breaching the EU's budget deficit cap this year, Economic Commissioner Valdis Dombrovskis told the Financial Times.
Exemption for higher defence spending will help Berlin avoid corrective measures, says bloc’s economy commissioner
The EU says its negotiators are working "might and main" on a deal, but the decision rests with US President Trump.
This week's U.S. trade agreement with Japan could provide a framework for a pact with the European Union, experts say.
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GT: At the summit, leaders of China and the EU issued a joint statement on climate change, showcasing the leading role of these two major economies in fulfilling international responsibilities. What other areas of cooperation would you promote between China and the EU?
President Donald Trump and EU chief Ursula von der Leyen meet Sunday in Scotland in a decisive push to resolve a months-long transatlantic trade standoff -- with the US leader