Trump forecasts ‘50-50 chance’ for EU trade deal, lower chance with Canada — and floats ‘rebate’ for some Americans https://t.co/xLxsTw1y5I pic.twitter.com/tfmXevE7Md
— New York Post (@nypost) July 25, 2025
WASHINGTON — President Trump told reporters Friday that the US has a “50-50 chance” of reaching a trade deal with the European Union ahead of an Aug. 1 deadline, but sounded less optimistic about coming to an agreement with Canada — before floating giving some Americans a “rebate” from the billions in tariff revenue taken in so far.
“We’re thinking about a rebate because we have so much money coming in from tariffs, a little rebate for people of a certain income level,” Trump said as he left the White House on his way to Scotland for a five-day visit.
After initially announcing a sweeping suite of reciprocal tariffs April 2, the president has repeatedly postponed levies on hundreds of nations to allow extra time for his administration to reach economic agreements.