Lutnick says the EU must provide Trump with the “right deal” to avoid 30% tariffs
Commerce Secretary Howard Lutnick will take part in “Fox News Sunday” to consider President Donald Trump’s tariff plans, potential EU deals and requirements for Tiktok to remain in the US through American ownership.
Commerce Secretary Howard Lutnick agreed to the president Donald Trump’s The odds of “50-50” attacking trade contracts with the European Commission ahead of the August 1 deadline say the main question is whether the 27-country bloc will provide the president with the “right deal.”
Lutnick appeared on “Fox News Sunday” and was asked about Trump’s comments about possible deals before the president’s meeting European Commission Scotland’s chief Ursula von der Reyen on Sunday.
“If the president places the odds on 50-50, those are the odds,” Rutnick said. “Look, Europe needs to trade and wants to trade. They’re flying to Scotland to trade with President Trump.”
“The question is that they will provide President Trump with enough deals worthy of getting him off the 30% tariff he set?” the Secretary of Commerce continued.
Lutnick said he agreed to Trump’s “50-50” chance to strike a trade deal with the EU before the August 1 deadline. (Samuel Corm/Sipa/Bloomberg via Getty Images, File/Getty Images)
Trump said, “We have a 50-50 chance, and maybe less, but we have a 50-50 chance to do business with the EU.” The bloc of 27 member states faces a 30% tariff rate if they haven’t reached the deal by the deadline.
When Trump met with von der Leyen later on Sunday, the EU chief agreed with the odds that Trump’s deal would be achieved before August 1st.
President Donald Trump will meet with President Ursula von der Leyen of Turnbury, England, Scotland, on July 27, 2025. (Photo by Reuters/Evelyn Hockstein/Reuters)
“It’s about rebalancing,” von der Leyen told reporters, sitting next to Trump. “You can call it fairness, you can call it rebalance. We have surplus, we have a deficit in the US, and we have to balance it.”
Trump told reporters that the lowest tariff rate the US can agree to with the bloc is 15%.
As the two parties continue their trade talks, Lutnick said the “right trade” opens up their markets and “really negotiates with (Trump) in the right way.”
“President Trump, the leader of this negotiation table, sets the table. The team sets the table. But Donald Trump will negotiate himself,” he said. Trade negotiations with Japan.
Fox business host Larry Kudlow says countries around the world want to do business with the United States thanks to President Donald Trump of Kudlow.
The US and Japan signed a historic $550 billion trade agreement last week, with Japan opening a country to trade cars, trucks, rice and other agricultural products and other products, allowing the US to pay mutual tariffs of 15% based on the transaction.
The White House later confirmed to Fox News that under a trade deal, Japan would buy 100 Boeing planes, increase rice purchases by 75%, buy $8 billion in agriculture and other products, and increase defense spending with US companies from $17 billion a year.
The Trump administration begins to impose a deadline Customs According to Lutnick, it is set for August 1st and will not shift.
“So there is no expansion and there is no more period of bounty,” he said. “On August 1st, the tariffs are set and they’re going in place. Customs starts collecting money and we’re going.”
Lutnick added that countries that have not reached the deadline can talk to Trump even after the deadline.
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“I mean, he’s always willing to listen,” Rutnick said of the president, adding, “Whether they can make him happy is another question.”