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View Full Version : Trade Deal a ‘Major Win for President Trump,’ ‘Major Concession’ by European Union



jimnyc
07-25-2018, 05:16 PM
Trade Deal a ‘Major Win for President Trump,’ ‘Major Concession’ by European Union

President Donald Trump scored a “major win” on Wednesday by reaching a limited trade deal with the European Union, which made a “major concession” to the United States to avoid a trade war.

That’s according to business news anchor Neil Cavuto of Fox News — who just last week blasted President Trump over his press conference with Russian President Vladimir Putin in Helsinki, Finland.

Amidst recent tariffs and tensions, European Commission President Jean-Claude Juncker arrived at the White House with two options for a deal to avoid a wider trade war, according to ABC News: “eliminate tariffs on cars for all trading partners or create a limited free trade agreement between the U.S. and EU on industrial goods.”

Trump opted for the latter — and secured Europe’s agreement to buy more American soybeans and liquified natural gas (LNG). The two also announced that they would begin “to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods,” in Trump’s words.

https://i.imgur.com/ULCFnrX.png

https://i.imgur.com/Ix3AVF1.png

The Dow Jones Industrial Average jumped on the news, which was seen as a major win for Trump’s gamble of using tariffs, tweets, and threats to extract concessions from U.S. trading partners.

Cavuto said:

This is a dramatic, a stunning development, on trade … The Europeans, it might be deemed, have blinked. They have made concessions to President Trump … to meet the president’s demand that lifts tariffs that are already in effect against the European Union. This is a major win for President Trump. It is a major concession on the part of the European Union … A few hours ago, they were pooh-poohing — all the major publications … for the President of the United States, a win, and a big one, economically.

jimnyc
07-25-2018, 05:18 PM
And from CNN:

Trump and top European leader agree to work toward zero tariffs

Washington (CNN)President Donald Trump said Wednesday that he and European Commission President Jean-Claude Juncker agreed to work toward eliminating tariffs and barriers on trade, reducing tensions for now in a brewing trade war.

It was essentially a deal to make a deal, announced in celebratory fashion during an previously unannounced appearance in the White House Rose Garden.

Trump declared it a "very big day for free and fair trade" with Juncker by his side.

It was a cheery end to talks Trump himself suggested this week would be acrimonious. The US and the EU have been lobbing new tariffs on products since Trump announced earlier this year tough new levies on steel and aluminum exports.

Recently, Trump has threatened a 25% tariff on European autos, a warning that seems to have been staved off.

"We agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods," Trump said.

Trump indicated both sides agreed to halt for now tariffs that threatened to devolve into a trade war as negotiations proceed, and said the EU agreed to import more US soybeans and liquid natural gas.

Rest - https://www.cnn.com/2018/07/25/politics/trump-juncker-tariffs-trade/index.html

Black Diamond
07-25-2018, 06:07 PM
:laugh:

High_Plains_Drifter
07-26-2018, 03:27 PM
But... but... but... Trump is STUPID... and doesn't know what he's DOING... he's OUT OF CONTROL... :rolleyes:

aboutime
07-26-2018, 05:08 PM
Anyone really want some laughs? Try to watch CNN, or PMSNBC, ABC, CBS, and NBC news.

The Democrats, Liberals, Snowflake Lefties are almost EATING THEIR YOUNG with hatred of the man they swore WOULD CAUSE WORLD WAR III before the end of his first month in office.

I know it's not something anyone with A BRAIN would want to do. But...if you need a few laughs.

Give a couple minutes to CNN. It's like watching PAINT DRY.

Gunny
07-26-2018, 05:13 PM
https://www.mysanantonio.com/business/local/article/U-S-announces-12B-bailout-for-farmers-hurt-in-13101168.php

Wonder who's going to foot the bill for the $12B dollar bailout for farmers? Oh yeah. US taxpayers/consumers.