While President Trump visits his golf courses in Scotland, he will also be conducting business on behalf of the USA by meeting with trade partners from both Great Britain and Europe.

This morning USA time, President Trump is scheduled to meet with EU Commission President Ursula von der Leyen, at approximately 11:30am ET.  Livestream Links Below:

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The EU is in a very precarious position.  Currently scheduled to receive 35% reciprocal tariffs on August 1st, President Trump is in no hurry to negotiate any multilateral trade agreement.   The 35% tariff essentially ends the Marshall Plan, and that is the key issue that has currently made the EU go bananas.

Without the one-way benefit of tariffs against the USA, the EU cannot continue to afford its very lucrative social subsidies.  Get rid of the Marshall Plan and everything related to the economy in Europe changes. President Trump knows this as does the entire EU collective.

President Trump is not in a hurry to negotiate any trade agreement, and the baseline 10% tariff rate on all nations is a done deal.  The EU, specifically under the influence of a very tenuous German economy, are now trying to negotiate avoidance of the 35% reciprocal tariffs.

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