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In agreement with zero tariffs and cooperation at all critical levels of trade, US President Trabb and European Commission President Juncker have come to an end. The two met today in Washington, and despite the pessimism that prevailed, the results were impressive. So, they made Donald Trump say "today is a good day for free and fair trade".
"When President Trump invited me to America, my goal was to have an agreement, and now we have an agreement," said President Juncker. "We agreed today, first and foremost, to work towards zero tariffs, zero non-tariff barriers and zero subsidies for non-industrial products." We will also strive to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products and soybeans, "said the joint statement issued in 1965. Cooperation between the United States and the US EU will be at several levels. First, the zero tariffs on goods – and therefore the non-application of tariffs on car imports that were afraid of Europe, but also the abolition of US tariffs in favor of aluminum and steel. Secondly, they agreed on strengthening strategic energy cooperation, with the EU buying gas from the United States.
The two continents will also work on East trade by working together to reduce bureaucracy. "We have agreed today to join forces to better protect US and European companies against unfair international trade practices, so we will work closely with our partners to reform the WTO and fight against it." unfair commercial practices, including intellectual property theft, forced technology transfer, industrial subsidies, distortions created by state-owned enterprises and overcapacity ".
A joint team of scientific experts from both sides will study the security of American and European companies to protect but also advise the two leaders on trade issues. The group of experts "will identify short-term measures to facilitate trade and evaluate existing tariff measures.While we are working on it, we will oppose the spirit of this agreement only if it is not possible. one of the parties ends the negotiations. "
Despite the contradictory messages sent by Donald Trump – mainly via twitter – in recent weeks, the EU as an" enemy "and defending the tariffs as the best solution this morning, he began to crack down. In the end, it seems that President Juncker has done … the miracle on both sides of the Atlantic has become allied again.
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