Trump announces 'massive' deal, EU leaders meet in Tokyo
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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, commission spokespeople said, as EU officials said the two sides were nearing a trade agreement.
This week's U.S. trade agreement with Japan could provide a framework for a pact with the European Union, experts say.
The economic partnership agreement with Japan has been in force for over five years. At full implementation, the agreement scraps 99% of tariffs for the EU and 97% for Japan. Compared to 2018 (the last year before the agreement), total trade between the EU and Japan grew by close to 20%.
EU And Japan Strike Trade Deal, Call It 'Strong Message To The World' : The Two-Way The European Union and Japan have reached an agreement in principle for a new free trade deal.