US President Donald Trump and European Commission President Ursula von der Leyen have reached a trade agreement on the eve of a deadline. The tariffs will begin to be paid on August 1st, and will continue from that date onwards, the US president said, adding that he believes these agreements are positive for everyone.

The agreement includes a 15% tariff on EU goods imported into the United States and significant EU purchases of U.S. energy and military equipment. It also provides for $600 billion in European Union investment in the United States.

Both sides welcomed the outcome of the negotiations. Speaking to the press, Trump described the agreement as the largest ever reached. Von der Leyen, for her part, stated that it would help rebalance trade between the two major partners.

There are three or four points of contention left. I'd rather not go into them. We'll discuss them. But I think the main stumbling block is justice, the US president explained upon his arrival, before stating that his country has gone through very difficult times with Europe in terms of trade."And I would like to see them resolved," he added. For her part, Von der Leyen indicated that she is looking forward to that meeting.

Now that Trump and von der Leyen have reached an agreement, the terms must be validated by the bloc's 27 member states. Their representatives are scheduled to meet this Sunday. If successful, this would be the largest agreement ever reached by any of us, the Commission president said before entering the meeting with the Republican magnate.

This week, the US president praised von der Leyen, calling her a highly respected woman. This contrasted sharply with his usual rhetoric about the European Union, with statements in which he accuses the bloc of taking advantage of the United States.

As of Saturday evening, several unanswered questions remained, particularly regarding tariffs on the pharmaceutical sector, according to an EU diplomat. Also crucial for Europeans are tariff levels in the automotive sector, primarily for France and Germany.