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Trump Says 50-50 Odds of Trade Deal With European Union (Full Remarks)
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July 25, 2025
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21:18Now Playing- President Donald Trump put the odds of striking a trade deal with Europe to reduce the tariff rate on their imports at 50-50, even as diplomats from the trading bloc have expressed optimism in recent days that an agreement could be near.
“I would say that we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU,” Trump told reporters Friday before departing for a golf trip to Scotland.
Trump added that US and EU negotiators were working “closely” to strike a deal.
Trump earlier this month issued a letter saying the EU would face a 30% tariff on most goods if they fail to reach an agreement by Aug. 1, in addition to sector-specific tariffs. Trump has hit cars and auto parts with a 25% customs tax, and steel and aluminum with a rate double that. He’s also threatened to target pharmaceuticals and semiconductors with new duties as early as next month, and recently announced a 50% duty on copper.
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