European Commission President Ursula von der Leyen is set to meet U.S. President Donald Trump on Sunday to clinch a trade deal for Europe that would likely see a 15% baseline tariff on most EU goods,

European Commission president Ursula von der Leyen has said she will meet US President Donald Trump on Sunday, raising hopes the two will agree an outline trade deal and avoid a transatlantic trade war.

The European Commission on Thursday said a negotiated trade solution with the United States was within reach, even as EU members voted to approve counter-tariffs on 93 billion euros ($109.01 billion) of U.S. goods in case the talks collapse.