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Speaking of a "big day" for free trade and hinting at a "new phase" in EU-US relations, Trump underscored the common desire to go ahead. before time for "zero tariff" customs "in their industrial exchanges, with the exception of the automotive sector.
No deadline has been advanced for this purpose.
"We will work to reduce tariffs and increase trade in services, chemicals and pharmaceuticals, medical products and soy," said Trump. the issue of US tariffs on steel (25%) and aluminum (10%) from Europe. It is precisely these rates, applied since June 1, that have deteriorated relations between Washington and Brussels.
However, Trump did not specify whether this meant that his government would suspend or abolish these rates.
million. Juncker also did not specify whether European retaliation at these rates would be lifted.
Trump also announced that the EU will begin "almost immediately" to buy "much more soy" from US producers without advertising volume.
The soy problem can cause problems in Europe, since 94% of soybeans planted in the United States are genetically engineered, according to USDA statistics.
The marketing of this product is mainly concerned, since the cultivation of genetically modified soya is prohibited in Europe.
The EU imports a lot of soybeans from Latin America because after the Blair House (1992 bilateral agreement between the EU and the US), she gave up farming.
According to a European source, no new customs tariff on imports of European vehicles into the United States will be imposed, a particularly sensitive issue for Germany, where this key sector employs around 800,000 people.
The White House at the end of May instructed its Commerce Department to consider the possibility of imposing additional fees, up to 25%, on this strategic area of the world and the European economy in particular.
The EU will also increase its imports of liquefied natural gas from the United States.
Finally, the United States and the EU will work together to reform the World Trade Organization, "to attack the world".
"We will help them, but they will become massive buyers." the problem of unfair commercial practices, including the theft of intellectual property, the forced transfer of technology, industrial subsidies, distortions created by state-owned enterprises and overcapacity, "said Trump in a statement.
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