Trump said Thursday that Japan bought down the 25% tariff rate set to go into effect Aug. 1 to 15% in part by committing to investing $550 billion in U.S. industries, with most of the profits going to the U.S. He suggested that others, including the EU, could strike similar deals.

President Trump traveled to Scotland on Friday to visit his golf courses and discuss trade with foreign leaders. CBS News senior White House correspondent Weijia Jiang has the details.

After months of intensive, often grueling, negotiations and shuttle diplomacy, the fate of a critical trade agreement between the European Union and the United States now rests squarely in the hands of one man: President Donald Trump.