US and EU Resolve to Work Together on Trade
President Trump met with President Juncker in Washington D.C. on Wednesday, announcing the initiative to work together to ease trade barriers between the two global powerhouses.
In a briefing in the Rose Garden, President Trump said, “The United States and the European Union together count for more than 830 million citizens and more than 50 percent of the global GDP. In other words, together, we’re more than 50 percent of trade. If we team up, we can make our planet a better, more secure, and more prosperous place. Already today, the United States and the European Union have a $1 trillion bilateral trade relationship — the largest economic relationship anywhere in the world. We want to further strengthen this trade relationship to the benefit of all American and European citizens. This is why we agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods.” The announcement was met with applause.
He continued, “We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans. Soybeans is a big deal...
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