President Trump and European Commission President Jean-Claude Juncker on Wednesday announced that they have reached a deal to begin resolving a dispute over tariffs and avoid a trade war.
"We agreed today first of all to work together towards zero tariffs, zero non-tariff barriers and zero subsides for the non-auto industrial goods," Trump announced in a joint statement with Juncker in the White House Rose Garden.The EU has agreed to increase U.S. soybean imports, lower industrial tariffs with the aim of dropping them to zero and work more closely together on regulations and energy, including buying more more liquified natural gas (LNG).
Trump and Juncker said they also would team up to intensify work on improving the World Trade Organization (WTO), a frequent target of Trump.
"We're starting the negotiation right now, but we know very much where it's going," Trump said during a brief joint statement in the Rose Garden on Wednesday afternoon.
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04.28.2025