Donald Trump announced an agreement to end the trade war with the European Union



[ad_1]

The President of the United States, Donald Trump, announced Wednesday that he had reached an agreement with the European Union (EU) to advance together towards a situation of "zero tariffs", ending the trade war, after his meeting in Washington with the President of the European Commission (EC), Jean-Claude Juncker .

Trump said that a compromise was reached with the EU to work together towards a policy of "zero tariff, zero non-tariff barriers and zero subsidy for non-automotive industrial products."

In a joint press conference with Juncker, not listed on the agenda of the two, the President revealed that the EU will start to import soybeans "in particular from the Midwest "of the United States ., as well as liquid natural gas to" diversify "its sources of energy, in addition to reducing some industrial tariffs . [19659002] For its part, the President of the EC celebrated the trade agreement, which provides for the reduction of tariffs by both parties and eases bilateral friction in recent months.

"We had the intention of reaching an agreement, and we reached an agreement today" claimed Juncker after his meeting with Trump at the oval office of the White House.

He also stated that the pact established to resolve the issue of United States taxes on European steel and aluminum that triggered the escalation of trade between Brussels and Washington, without specifying whether they were immediately canceled.

A few minutes later, at a conference at the Center for Strategic and International Studies (CSIS, by Mr. Juncker pointed out that it is a good agreement that emphasizes the "special" nature of the US alliance and the EU while emphasizing that their trade represents the half of world trade .

Juncker's visit to Washington raised high expectations after crossing the charges and the imposition of Trump's tariffs on European steel and aluminum imports, to which Brussels responded with identical measures to various US products, such as that motorcycles and jeans

had insisted in recent months on the need for the EU to accede to its requirements to facilitate the access of the American products to the European market and threatened with. apply rates of up to 20 percent on imports of European cars in the absence of concessions. 19659010] [ad_2]
Source link