Trump forecasts ‘50-50 chance’ for EU trade deal, lower chance with Canada — and floats ‘rebate’ for some Americans

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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.

https://nypost.com/2025/07/25/us-news/trump-forecasts-50-50-chance-for-eu-trade-deal-lower-chance-with-canada-and-floats-rebate-for-some-americans/?u

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