Big Trump Win in Trade

President Trump has struck a great deal with the EU delegation in Washington. The Daily Wire reports:

On Wednesday, President Trump won another major victory, as the European Union delegation meeting with him agreed to significant concessions to avoid a trade war.

Those concessions included lowering industrial tariffs on both sides, ratcheting up LNG exports and soy beans to Europe, and aligning regulatory standards so European markets would be more receptive to medical devices from America, according to The Wall Street Journal.

The European delegation included European Commission President Jean-Claude Juncker and his top trade official Cecilia Malmström. Car tariffs were also to be discussed. As The Journal noted, “Last week, Mr. Trump threatened ‘tremendous retribution’ if his meeting with the EU officials doesn’t lead to what he considers to be a fair auto-trade deal.”

On Wednesday, Trump stated, “Over the years, the United States has lost hundreds of billions of dollars to the European Union and we just want it to be a level playing field for our farmers, our manufacturers, for everybody.” Juncker acknowledged, “We are close partners, allies, not enemies, we have to work together.”

This is a great victory before the midterms when Americans are unsure over the effectiveness of his tariff policy.


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