European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as the two sides aim to conclude a trade deal ahead of an Aug.

The EU says its negotiators are working "might and main" on a deal, but the decision rests with US President Trump.

EU and US trade negotiators have been locked in intense talks ahead of a meeting between Donald Trump and Ursula von der Leyen in Scotland on Sunday, as Brussels strives for a deal with Washington to avoid an economically damaging transatlantic tariff war.

By Andrew Gray and Andrea Shalal BRUSSELS/EDINBURGH (Reuters) -EU Commission President Ursula von der Leyen headed to Scotland on Saturday ahead of a meeting with U.S. President Donald Trump on Sunday afternoon,

After months of intensive talks and shuttle diplomacy, a trade agreement between the European Union and the U.S. now rests mostly on Donald Trump.

President Donald Trump’s tariffs cost German auto giant Volkswagen about $1.5 billion over the first half of 2025, the company said on Friday. Sales in North America plunged 16% due primarily to U.S. tariffs, said Volkswagen, which owns a host of brands including Audi, Lamborghini and Porsche.

Confident that his right-wing populist policies would help win him favor with Trump’s administration, Orbán said in an interview in April that while tariffs “will be a disadvantage,” his government was negotiating “other economic agreements and issues that will offset them.”

Trump's proposed 30% tariffs on EU imports could significantly increase olive oil costs for American consumers who rely heavily on Mediterranean suppliers.