European Commission President Ursula von der Leyen announced that she is to meet with US President Donald Trump during the weekend in Scotland in a post on Friday, amid fears about the looming tariff cliff.

The EU is preparing countermeasures in case of a no-deal scenario. Talks of a potential deal have however also been heating up this week. Brussels is preparing for a no-deal scenario as uncertainty persists about if and when a trade agreement between the European Union and U.S. will materialize.

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.

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.”

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.

BRUSSELS (Reuters) -EU Commission President Ursula von der Leyen on Friday said she will meet U.S. President Donald Trump in Scotland on Sunday to discuss trade relations between the European Union and the United States.

This week, top European Union leaders are traveling to Beijing for a high-level summit which could set the tone for the relationship between the EU and China for years to come.On today’s Big Take Asia Podcast,