'Won't go below 15% tariffs on EU': Trump discusses trade deal with EU chief Ursula von der Leyen

President Donald Trump headed into high-stakes talks Sunday with a top European official demanding fairer trade with the 27-member European Union and threatening steep tariffs to achieve that, while insisting the United States will not go below 15% import taxes. Make-or-break talks could head off punishing U.S. tariffs — and promised retaliation from Europe — that could send shock waves through economies around the globe. European Commission chief Ursula von der Leyen, was seated next to Trump at his golf resort on the Scottish coast and called for a rebalancing of bilateral trade worth billions of dollars between the vital partners. Speaking to reporters before their private meeting began, she and Trump both put the chances of reaching an agreement at 50-50.