European Commission President Ursula von der Leyen on Sunday said a U.S. baseline tariff rate of 15% on imported EU goods would apply to cars, semiconductors and pharmaceutical goods.

Responding to shouted questions from reporters about his chances of reaching a deal with Brussels, the Republican president could be heard saying "50-50" before continuing with his golf game.

President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to iron out a US-EU trade deal. Without an agreement, the EU was due to get hit with a 30% tariff rate on Aug.

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