Trump: US and EU agree to work towards lower trade barriers
https://www.bbc.com/news/world-us-canada-44961560
The US has agreed to work towards lowering trade barriers with the European Union, Donald Trump said on Wednesday after a meeting with European Commission chief Jean-Claude Juncker.
The two would work for zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto goods, he said.
They also agreed to increase trade in services and agriculture, including greater US soy bean exports to the EU.
The agreements come amid heightened tensions between the US and EU. The two leaders defused what had threatened to become a trade war between the two blocs, fuelled by tariffs set by Mr Trump on European steel and aluminium exports, and threats to expand the tariffs to cars.
The EU would increase purchases of liquefied natural gas (LNG) from the United States, President Trump said, making them a "massive buyer".
He added that there would be an increase on trade in services and agriculture. "The EU is going to start to buy a lot more soy beans - they are a tremendous market - buy a lot of soy beans from our farmers, primarily in the Midwest," Mr Trump said.
Trump says no new tariffs against EU after parties agree to trade negotiations
https://www.politico.eu/article/donald-trump-jean-claude-juncker-announces-trade-negotiations-with-eu/
U.S. President Donald Trump announced Wednesday that the United States will pause its plans to impose new tariffs against the European Union and work to resolve existing differences over trade in an attempt to avoid a full-blown trade war.
In a joint statement in the Rose Garden, Trump and Juncker also announced that the two trading partners will work to eliminate tariffs on all non-auto industrial goods, increase cooperation on energy purchases and work together to reform the World Trade Organization.
The announcement marks a detente in the bilateral relationship, which had grown increasingly tense in recent months after Trump slapped tariffs on nearly all U.S. imports of steel and aluminum, including those from the EU. Brussels had responded by imposing retaliatory tariffs on roughly $3.3 billion in U.S. goods, including products like blue jeans, boats and bourbon.
Asked to explain what exactly the two sides agreed on, an EU official said the U.S. would not impose new tariffs against European autos and auto parts. The EU side’s understanding is that “car tariffs currently in place will stay as they are,” the official told POLITICO.