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Trump announces framework for trade talks with the EU
President Trump and the President of the European Commission Juncker to announce to avoid the preliminary Pact, tariffs, Peter Doocy reports.
President Trump announced Wednesday that he has secured major trade concessions from European Union officials as part of efforts to head off a trade war between the U.S. and the E. U.
After the White house talks with E. U. officials, Trump announced in a joint rose garden appearance that the delegation had the increase in the imports of soya agreed to beans and liquid gas. Both sides agreed to work on the goal of “zero” tariffs and subsidies for non-car-industry, and to fix “” more recent tariffs imposed by both sides.
“It was a very big day for free and fair trade,” Trump said.
Trump said, the officials are to be reduced to the search to “bureaucratic obstacles”, the work towards a reform of the world trade organization, and to limit unfair market practices.
Trump made the announcement, in addition to the President of the European Commission Jean-Claude Juncker at a press conference in the rose garden after more than two hours of talks at the White house. Juncker said that as long as the negotiations are ongoing, “we existing duties waiting for more rates and revaluation on steel and aluminum.”
“We had a big day, very big,” Trump. “We start a new phase of the close friendship between the United States and the European Union, strong trade relationships, where both of us win.”
The import of soy beans is a boost to American farmers who have seen prices fall after China slapped a retaliatory tariff on American goods, including soybeans, in the Wake of the US tariffs on aluminum and steel.
Trump had earlier Wednesday said that the United States seeks a “level playing field” on trade with the E. U.
“For years, the USA lost hundreds of billions of dollars in trade with the European Union, and we want it to equal conditions of competition for our farmers, for our manufacturers, for all, and we want to also be a big beneficiary, to be honest, the European Union, and we think it’s good for everyone, and that is why we are here to discuss,” he said, sitting next to Juncker in the Oval Office.
The move is likely to calm the fear of an escalating trade war in the Wake of Trump’s decision a slap in the face with a 25 percent tariff on steel imports — imports 10 percent to the aluminum. The E. U. then retaliatory duties on a range of U.S. goods.
Trump said on Wednesday that they would seek to solution these questions, as part of fresh negotiations.
“It was a good, constructive meeting,” Juncker said. “Thank You, Donald.”
In the Oval Office before, Juncker conciliatory comments, saying that the U.S. and the E. U. “close partners, allies and no enemies”, and notes that the U.S. and the E. U. make up half of world trade.
“I think we have to talk to each other and not in others, and that is what we are doing today,” he said, before he says that he hopes that she might be.on the reduction, not the increase of tariffs
The Washington Post reported Wednesday that Trump was considering slapping a 25 percent tariff on cars, an idea that has drawn fierce criticism from the pages of E. U. officials-many of whom are US car imports.
In an interview with CBS News this month, Trump to the E. U. described as the “enemy.”
“I think the European Union as an enemy, what do you do to us in the trade,” he said. “You would not think of the European Union, but they are an enemy.”
Reuters reported on Wednesday that the E. U. trade Commissioner Cecilia Malmstrom said her office is in the drawing, a $to hit 20 billion list of U.S. goods, with retaliatory duties, the management of the threat.
“We hope it doesn’t come to that and that we can find a solution. If not, the E. U. Commission is preparing a pretty long list of many American goods,” she said to the Swedish newspaper Dagens Nyheter.
A senior European official told Fox News before the meeting between Juncker and the trump card, which was the goal of the meeting, building on the conversation of the two had to find out at a G-7 summit in Canada last month and exactly what the USA wants.
“The goal is to find out what is the question; we do not even have a clear picture of what the administration,” the official said.
TRUMP SAYS ALL THE ‘COOL’ AS TRADE TENSIONS ESCALATE
Trump was in front of calls from nervous members of his own party to return to the tariffs, especially after the administration announced Tuesday that it will grant up to 12 billion US dollars in aid for farmers hurt by retaliatory duties. But Trump tweeted on Wednesday, urging the parties concerned, the “be cool”.”
“The end result will be worth it,” he added.
Adam Shaw is a reporter covering the American and European politics for Fox News.. He can be reached.