While close, a deal still requires some final negotiations. U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick departed Washington for Scotland on Saturday for talks with EU Trade Commissioner Maros Sefcovic, who is also travelling to Scotland, before the Trump-von der Leyen meeting.

Farouq is a Live Page Journalist, covering Reuters international news stories. He previously worked as a correspondent on the UK Breaking News team, reporting on general news across the United Kingdom.

Leaders of the European Union and Japan have launched an alliance aimed at boosting economic cooperation, defending free trade and countering unfair trade practices as the two sides face growing challenges from the United States and China.

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%.

By Philip Blenkinsop and Trevor Hunnicutt BRUSSELS/WASHINGTON (Reuters) -The European Union and the U.S. are heading for a potential trade deal that includes a 15% U.S. baseline tariff on EU goods and possible exemptions,

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.