Trump, EU announce trade deal
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President Donald Trump is meeting with United Kingdom Prime Minister Keir Starmer in Turnberry, Scotland, this morning to discuss trade. The U.S. and United Kingdom reached an agreement on tariffs in May. Yesterday, Trump announced a trade deal with the European Union that would set tariffs at 15% for U.S. imports of most European goods.
European officials gave up on trying to avoid tariffs altogether and instead looked for the best agreement they could get.
London's main stock indexes closed lower on Monday, pressured by industrial shares, while investors assessed a U.S.-EU trade deal along with economic data.
President Donald Trump has been accused of cheating at golf after a video went viral. The President has been in Scotland this weekend at Turnberry.