After months of intensive talks and shuttle diplomacy, a trade agreement between the European Union and the US now rests mostly on Donald Trump.

The EU says its negotiators are working "might and main" on a deal, but the decision rests with US President Trump.

President Donald Trump is set to meet with European Commission chief Ursula von der Leyen in Scotland to discuss trade

This week's U.S. trade agreement with Japan could provide a framework for a pact with the European Union, experts say.

Leaders from China and the European Union are now meeting at a summit in Beijing to mark 50 years of historic ties. Expectations were low after weeks of escalating tension and wrangling over its format, with the duration abruptly halved to a single day at Beijing's request.

President Donald Trump is set to meet Sunday with European Commission President Ursula von der Leyen to continue talks on a trade deal. Ahead of that meeting, policy analysts say that any agreement on trade must include the removal of non-tariff regulations and digital service taxes that largely target U.

TOKYO/SEOUL (Reuters) -Shares of Japanese, South Korean and European automakers surged on Wednesday after U.S. President Donald Trump agreed to a trade deal with Tokyo that included reducing tariffs on Japanese auto imports to 15%, a move that stoked optimism about a similar agreement for Seoul and Brussels.

European shares closed lower on Friday, as investors assessed mixed corporate earnings while awaiting updates on a framework of an EU-U.S. trade deal that officials said could be reached as early as this weekend.