Trump obtains concessions from the EU to avoid the trade war

US markets rebounded Wednesday after the European Union agreed to import more US soybeans, buy more liquefied natural gas (LNG) and cut tariffs industrialists, which seems to have avoided a trade war.

At a press conference at the White House following a meeting between US President Donald Trump and the President of the European Commission, Jean-Claude Juncker, Mr. Trump confirmed that the EU was agreed to reduce tariffs "The European Union wants to import more liquefied natural gas from the United States. They are going to be a mbadive buyer, so they will be able to diversify their energy supply, "said Trump." We agreed to launch a close dialogue on standards to facilitate trade, reduce bureaucratic hurdles and drastically reduce costs. "

A high-level working group has also been set in. Together, to reform the WTO and combat unfair trade practices, including intellectual property theft, a problem that the United States raised with China

"I had the intention to conclude an agreement today.

Relaxation of tension

Development eases tensions between the two trading blocs and appears to have avoided an escalation of trade tensions that could have led the United States to impose tariffs on imports of cars from the United States. 39; Europe. Mr. Trump and Mr. Juncker have met several times at G7 meetings, this is the first time the President of the European Commission has visited Mr. Trump at the White House.

million. Trump says he is "honored" to welcome Mr. Juncker The White House. "He's a man I've come to know very well, he represents his people and countries well," he said, adding that he was "very clever and tough." "

" I hope we can fix something, "he said.

million. Juncker thanked US President EU Trade Commissioner Cecilia Malmström said a few hours before the meeting that the EU was preparing US $ 20 billion tariffs on US goods if the US applied car tariffs . 19659002] The EU taxes US cars by 10 percent, while the United States imposes a 2.5 percent tax on cars imported from the European Union.

But the EU points out that its taxes on US trucks, clothing and other products are WTO rules also mean that, if the EU cuts tariffs on American cars, it should also do it for the other WTO countries.

meeting, Mr. Trump defended his commercial policy on Twitter.

"Tariffs are the biggest t! Either a country that has treated the US unfairly on trade is negotiating a fair deal, or it is hit by tariffs. It's as simple as that – and everyone is talking about Remember, we are the "piggy bank" which is stolen, everything will be big! "