European Commission President Ursula von der Leyen is set to meet U.S. President Donald Trump on Sunday to clinch a trade deal for Europe that would likely see a 15% baseline tariff on most EU goods,

In Scotland, US President Donald Trump and EU chief Ursula von der Leyen are engaging in trade deal talks to resolve a prolonged transatlantic dispute. Trump had earlier indicated a 50% chance of reaching an agreement before the August 1 deadline,

The 27-country bloc faces a tariff rate of 30% on imports to the U.S. if no deal is struck by next Friday. The EU is also planning to raise levies on imports from the U.S. if a pa