The White House painted the agreement as a vindication of the United States president's bare-knuckle tactics, which Trump has deployed even against allies.
Washington D.C. [U.S.A.], July 26 (ANI): United States President Donald Trump and European Commission President Jean-Claude Juncker have joined hands to eliminating tariffs.
In exchange, Trump said he won access for United States soybean producers, and for American natural gas. His administration this year imposed tariffs on steel and aluminum, drawing retaliation from the European Union on a series of USA goods.
US farmers have been hurt by China's retaliatory tariffs on American soybeans amid an escalating trade fight between Washington and Beijing, and Trump has been promising relief. The Alliance of Automobile manufacturers, a trade group representing both domestic and foreign-brand automakers, welcomed the agreement to hold talks instead of imposing tariffs, saying the announcement "demonstrates that bilateral negotiations are a more effective approach to resolving trade barriers, not increasing tariffs". "We have good arguments, clear numbers and we have ideas, too".
Trump's latest plan is to consider slapping tariffs on imported autos and auto parts - a move he says would aid American workers but that could inflate vehicle prices, make USA manufacturers less competitive and draw retaliation from other nations. He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that past year totaled $335 billion.
A viral video of an activist on board a plane in Sweden stopping the deportation of an Afghan asylum seeker has cast a spotlight on Europe's deepening divisions over immigration, human rights experts said.
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The US declared a resounding victory for Trump and his confrontational stance, as Washington appears to have conceded little in exchange. "This is a real vindication of the president's trade policy".
Earlier in the Oval Office, Juncker told Trump that the two trading partners were "allies, not enemies" and said they needed to work together to address recent frictions involving Trump's threats to impose tariffs on auto imports and European Union plans to retaliate.
The main question mark is the feasibility for the European Union of the remaining part of the package: a goal to import more liquefied-natural gas from the U.S. This has strategic consequences for the bloc in general and for Germany in particular as Europe seeks to reduce reliance on Russian natural gas.
German producers and supplies employ more than 118,000 people at about 300 plants and manufacture more than 800,000 vehicles per year in the USA - with more than half of the cars being exported, according to figures provided by the German automotive industry. "So we're going to make a lot of progress", he told reporters later.
"Certainly, we'd rather have trade than aid and restore these markets but not at unfair practices", Perdue said in an interview with Fox Business Network.
He warned, however, it was too soon to "assess the actual content".
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Meadows downplayed any disagreement with the speaker on the matter, saying he had spoken to the speaker on Thursday morning. If the proposal cleared the House, it would need a two-thirds vote in the Senate for Rosenstein to lose his job.
However, Germany's DIHK chambers of Commerce noted that US auto tariffs were not totally off the table. "We have some tariffs that are retaliatory and that will get resolved as part of what we're doing".
But European markets rallied, as French and German carmakers rebounded on news of their reprieve.
Speaking with Juncker at his side, Trump said they had agreed in talks to "work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods".
However, it "may not be necessary" to impose the tariffs.
Many farmers and farm-state lawmakers condemned the move. Trump later tweeted that work on documents was "moving along quickly", adding that the meeting with Juncker had "great warmth".
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