Friday, July 27, 2018

Trade Deal a ‘Major Win for President Trump,’ ‘Major Concession’ by European Union

President Donald Trump scored a “major win” on Wednesday by reaching a limited trade deal with the European Union, which made a “major concession” to the United States to avoid a trade war.
That’s according to business news anchor Neil Cavuto of Fox News — who just last week blasted President Trump over his press conference with Russian President Vladimir Putin in Helsinki, Finland.
Amidst recent tariffs and tensions, European Commission President Jean-Claude Juncker arrived at the White House with two options for a deal to avoid a wider trade war, according to ABC News: “eliminate tariffs on cars for all trading partners or create a limited free trade agreement between the U.S. and EU on industrial goods.”
Photo: Alex Brandon/Associated Press
Trump opted for the latter — and secured Europe’s agreement to buy more American soybeans and liquified natural gas (LNG). The two also announced that they would begin “to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods,” in Trump’s words.
Read the rest of the story HERE and follow links below to related stories:

WSJ: U.S., Europeans Agree to Iron Out Trade Differences

ANOTHER MAJOR WIN: Trump Gets Concessions From EU, Stock Market Leaps Up

EU Backs Down After Trump Tariff Threat

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1 comment:

Anonymous said...

Wall Street Journal: EU official used colorful, simplified cue cards in trade meeting with Trump

European Commission President Jean-Claude Juncker reportedly used colorful cards with simple explanations to discuss trade policies during his Wednesday meeting with President Trump.

The Wall Street Journal reported Thursday that Juncker relied on more than a dozen of the cards while explaining trade topics to Trump, including automotive trade, ahead of their Rose Garden announcement to hold formal trade talks.

“We knew this wasn’t an academic seminar. It had to be very simple,” a senior European Union official told The Journal.


Maybe this is the secret. Tell Mitch and Ryan asap.