Title : "United States and Europe Forestall Trade War With Preliminary Agreement, Further Talks."
link : "United States and Europe Forestall Trade War With Preliminary Agreement, Further Talks."
"United States and Europe Forestall Trade War With Preliminary Agreement, Further Talks."
The NYT reports.The announcement, made by Mr. Trump and the president of the European Commission, Jean-Claude Juncker, defused, for the moment, a trade battle that began with Mr. Trump’s tariffs on European steel and aluminum exports and threatened to escalate to its automobiles.Oh, no. Good news. There must be some way that it's actually bad news...
“We’re starting the negotiation right now, but we know very much where it’s going,” Mr. Trump said, standing next to Mr. Juncker at a hastily-scheduled appearance in the White House Rose Garden.
Mr. Juncker said, “I had the intention to make a deal today, and we have made a deal today.” He said both sides would hold off on further tariffs, and potentially drop the existing ones, unless they fail to agree on a deal to reduce tariffs, non-tariff barriers, and subsidies to zero.
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