Wednesday, July 25, 2018

Trump Wins Trade Concessions from Europe, Agrees to Work Toward Zero Tariffs

by John Carney

President Donald Trump on Wednesday won concessions from Europe.

“We want to further strengthen this trade relationship. We agreed today to work together toward zero tariffs, zero non-tariffs barriers, and zero subsidies on non-auto industrial goods,” Trump announced at a press conference on the White House lawn Wednesday.

Trump met with European Commission President Jean-Claude Juncker Wednesday to discuss trade.

“We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans,” Trump said. “The European Union is going to start almost immediately to buy a lot of soybeans.”

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