Odds of US–EU Trade Deal Are 50–50 Ahead of Tariff Deadline: Trump

European lawmakers approved a set of counter tariffs on American goods set to be enacted if a deal cannot be reached.

President Donald Trump speaks to the press before departing for Scotland from the White House on July 25, 2025. Madalina Kilroy/The Epoch Times

President Donald Trump said there’s a 50–50 chance that the United States will finalize a trade deal with the European Union before an Aug. 1 deadline.

Speaking to a press gaggle at the White House on July 25, Trump set the odds of reaching a deal with the EU at 50 percent or less. The United States and the 27-member trading bloc have been working on making a deal since the beginning of July.