Trump and von der Leyen Edge Toward Historic Deal: A Pivotal Meeting in Scotland Amid Hopes for a US-EU Trade Breakthrough
Political and economic circles are closely watching a high-stakes meeting in Scotland between Trump and the President of the European Commission,
in a move that could reshape transatlantic trade relations.

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Trump
Wall Street

Trump

Anticipated Summit Between Trump and von der Leyen in Scotland Amid Expectations of a US-EU Trade Deal

European Commission President Ursula von der Leyen traveled to Scotland on Saturday in preparation for a meeting with US President Donald Trump,
amid strong signs that both sides are nearing a new trade agreement.

Trump arrived in Scotland on Friday evening and expressed his eagerness to meet von der Leyen,
calling her “a highly respected leader,” during a visit that includes golf and high-level bilateral meetings.

The US President noted a 50% chance of reaching a framework trade agreement between the United States and the European Union,
emphasizing that Brussels has shown “great enthusiasm” for concluding a deal.
He added that the potential agreement would be the largest of his administration—surpassing the recently signed $550 billion deal with Japan.

While the White House has not released any details regarding the nature of the meeting or the terms of the agreement,
the European Commission previously announced that a negotiated solution with Washington is close.
Meanwhile, EU countries are preparing to impose retaliatory tariffs worth €93 billion (around $109 billion) should the talks fail.

Wall Street

Wall Street Wraps Up a Winning Week Amid Strong Earnings and Renewed Trade Hopes

US stock indices ended Friday’s session higher, closing out the week with new record highs driven
by better-than-expected earnings and positive developments on the global trade front.

The S&P 500 rose by 0.4%, while the Nasdaq Composite added about 0.2%, with both indices reaching historic intraday peaks.
The Dow Jones Industrial Average climbed 208 points, or 0.47%, approaching its highest closing level at 45,014 points.

The gains were supported by strong quarterly results, with major companies like Alphabet (Google’s parent company) and Verizon beating analysts’ estimates. Alphabet’s shares rose by 4% during the week, while Verizon climbed 5%. According to FactSet data,
169 companies in the S&P 500 have reported results so far, with over 82% exceeding expectations.

On the trade policy front, President Trump’s announcement of a “massive” agreement with Japan involving reciprocal 15% tariffs boosted market optimism.
He also mentioned reaching a preliminary deal with Indonesia and expressed confidence in finalizing more trade agreements ahead of the August 1 deadline.

Trump and von der Leyen Edge Toward Historic Deal

Trump and von der Leyen Edge Toward Historic Deal

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