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18/08/2018

President Trump "big stick" strategy gets EU concessions to avoid a trade war

Juncker meets Trump in Washington, DCJuncker meets Trump in Washington, DC Trump Announces Agreement after meeting with Juncker to End Trade War with the European Union

Washington DC, July 26.– President Donald Trump announced on Wednesday that he has reached an agreement with the European Union to move forward together toward a “zero tariff” situation, thus avoiding a trade war, after meeting in Washington with the president of the European Commission, Jean-Claude Juncker.

Trump said that he had reached an agreement with the EU to work together toward a policy of “zero” tariffs and trade barriers, adding that “We are starting the negotiation right now, but we know where it is going” and proclaiming “a new phase” in US-EU trade relations.

Meanwhile, both Washington and Brussels will “hold off on other tariffs” while the talks are under way, Juncker said.

In a joint appearance before the press with Juncker that had not been included on either man’s official schedule, Trump said that the EU will begin importing soybeans from the US Midwest, as well as liquefied natural gas to “diversity” its energy sources, in addition to reducing some industrial tariffs.

The EC chief, meanwhile, hailed the trade agreement, which includes reducing tariffs by both parties and easing the bilateral frictions that had arisen in recent months ...

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