President Trump Secures E.U. Trade Deal
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July 25, 2018Another Trump win?
It certainly looks that way.
According to the Washington Times:
President Trump struck a trade deal Wednesday with the European Union, reaping significant concessions as top E.U. officials moved to avoid an escalating tariff war with the U.S., according to early reports.
Awesome.
The deal involved the E.U. importing more U.S. soybeans, lowering industrial tariffs and working on an agreement to import more liquified natural gas (LNG) from America, according to a Dow Jones report.
The deal followed a high-stakes meeting between Mr. Trump and E.U. Commission President Jean-Claude Juncker.
The two leaders faced off over escalating dispute over tariffs and trade barriers that block U.S. goods. The big dispute is over cars, with Mr. Trump threatening massive tariffs on if for the E.U. didn’t lower high tariffs on cars.
Expectations of the announced deal, with reporters summoned to the Rose Garden for an announcement, sent the stock market soaring. The Dow Jones Industrial Average climbed more than 170 points after being down about 50 points early in the afternoon.
The two leaders faced off over escalating dispute over tariffs and trade barriers that block U.S. goods. The big dispute is over cars, with Mr. Trump for the E.U. to lower high tariffs on cars.
BOOM!
