Breaking News – USA – EU agree on Trade (Updated)

Reading Time: 2 minutes

Both US President Donald Trump and EU President Jean Claude Juncker hailed today’s meeting as an important and successful one.

In a Press Conference given at the end of their meetings, President Juncker said when he was invited, he had the intention to go and reach a deal. He said ‘A deal was reached.  President Trump said ‘Today is a very big day.”

Trump said that the U.S. and EU Will ‘Resolve’ Steel and Aluminum and Retaliatory Tariffs.

He said that both the US. and EU Will Have ‘Close Relationship’ with ‘Strong Trade Relations where both will win’

He also announced that the U.S. and EU Agreed to ‘Work Together Toward Zero Tariffs, Zero Non-Tariff Barriers, Zero Subsidies on Non Auto-Industrial Goods’

Juncker said : “I had the intention to make a deal today. And we made a deal today.’ As U.S. and EU Negotiate, There Will Be No Further Tariffs. He added that the U.S. and EU Will Reassess Existing Tariffs on Steel and Aluminum

Trump announced that the EU Will Start ‘Almost Immediately’ to Buy More U.S. Soybeans and said that the EU ‘Wants to Import’ More LNG from the U.S.

Juncker described the latter as a message to others.

Full Statement by President Juncker:

When I was invited by the President to the White House, I had one intention: I had the intention to make a deal today. And we made a deal today. We have identified a number of areas on which to work together.

Work towards zero tariffs on industrial goods – that was my main intention – to propose to come down to zero tariffs on industrial goods.

We have decided to strengthen our cooperation on energy. The European Union will build more terminals to import liquefied natural gas from the U.S. This is also a message for others.

We agreed to establish a dialogue on standards.

As far as agriculture is concerned, the European Union can import more soybeans from the U.S. and it will be done.

And we also agreed to work together on the reform of the WTO.

This of course is based on the understanding that, as long as we are negotiating, unless one party would stop the negotiations, we hold off further tariffs and we reassess existing tariffs on steel and aluminium.

This was a good, a constructive meeting.

More details will follow

Once you're here...

%d bloggers like this: