President Donald Trump and EU chief Ursula von der Leyen meet Sunday in Scotland in a decisive push to resolve a months-long transatlantic trade standoff -- with the US leader putting the chances of a deal at one in two.

Donald Trump has said the chances of the US working out a trade deal with the EU are "50-50". Sky News' Scotland correspondent Connor Gillies asked the US president what the chances were while he played golf at his Trump Turnberry resort in Scotland.

Trump's proposed 30% tariffs on EU imports could significantly increase olive oil costs for American consumers who rely heavily on Mediterranean suppliers.

As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.

President Donald Trump sees a 50-50 chance, or perhaps less, that the U.S. and European Union will reach a trade agreement, he said on Friday, according to media reports, adding that Brussels wants to "make a deal very badly.

Sky News' Scotland correspondent Connor Gillies asked the US president what the chances were while he played golf at his Trump Turnberry resort in Scotland. Later today, Mr Trump will meet European Commission President Ursula von der Leyen for talks on the trading relationship between Europe and the US.

German auto giant Volkswagen is feeling the effects of President Trump's tariff policy. An EU-US trade deal can't come soon enough for the Wolfsburg-based automaker.

Confident that his right-wing populist policies would help win him favor with Trump’s administration, Orbán said in an interview in April that while tariffs “will be a disadvantage,” his government was negotiating “other economic agreements and issues that will offset them.”