Trump and the EU Director-General promise to reduce trade barriers and eliminate new tariffs

US President Donald Trump and European Commission President Jean-Claude Juncker agreed on Wednesday to work toward the elimination of trade barriers in industrial goods, and Trump appeared to falter in its threat to impose tariffs on cars.

The agreement to hold a "high-level task force" to negotiate tariffs, subsidies, and reductions on non-tariff barriers could reduce fears about the future. a growing transatlantic trade war triggered by Trump's tariffs. steel and aluminum and the threat of imposing a 25% duty on imported cars and auto parts.

News on the operation helped the global stock markets to prolong their recent rally.

Trump and Juncker stated after the White House meeting that they had agreed to hold comprehensive trade negotiations also covering European purchases of soya and liquefied natural gas (LNG) and reducing barriers to transatlantic trade services and chemicals. , pharmacists and doctors.

They also stated that they would cooperate to reform the rules of the World Trade Organization (WTO).

But Trump agreed to "settle" current steel and aluminum tariffs in the United States as well as Europe 's retaliatory tariffs against motorcycles, bourbon and other American products.

million. Juncker said that although negotiations were underway on these issues, both sides had agreed not to impose new tariffs, including those that Trump was threatening to impose on cars and auto parts.

"As long as we negotiate, unless one of the parties stops negotiations, we will propose new tariffs," said Juncker. "And we will reevaluate the current tariffs for steel and aluminum".

Trump's threat to impose tariffs on car imports was to hit European manufacturers BMW, Daimler and Volkswagen with force, as well as Japanese and South Korean automakers.

The Commerce Department may recommend new tariffs until September after an investigation to determine whether car imports pose a risk to the national security of the United States.

The two executives did not specifically mention car rates in their claims, while focusing on other industrial products.

"We agreed today, first and foremost, to work together towards zero tariffs, zero non-tariff barriers and zero subsidy on non-automotive industrial goods," he said. Trump told the White House.

The Commission informed the European Union last week of a possible bloc response to auto tariffs, estimating that this could theoretically reach 9 billion euros in US products, according to from American sources.