Trump says U.S., EU are aiming for "zero tariffs"
WASHINGTON — President Donald Trump met today with top European Union officials amid concerns of a growing trade dispute between the two economies over automobiles. During the meeting, European Union Commission President Jean-Claude Juncker told President Donald Trump that the EU and U.S. are partners and allies, “not enemies,” and must work together at the start of trade negotiations between the two major economies. Juncker said he has made a deal with Trump to try to ease trade tensions.
Juncker said during a joint Rose Garden appearance with Trump that he “had the intention to make a deal today and we made a deal today.”
Juncker said after a lengthy meeting with Trump that the EU has decided to increase imports of American soybeans and liquefied natural gas.
He said, “it will be done.”
He also said as long as negotiations are ongoing, “We will hold off further tariffs” and reassess existing tariffs on steel and aluminum.
Trump said they agreed to work toward “zero tariffs” and “zero subsidies” on non-automobile goods.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?