(Peter Buxbaum – Global Trade Magazine)
“I had the intention to make a deal today, and we made a deal today,” said Jean-Claude Juncker, president of the European Commission, as he stood alongside President Donald Trump at a White House Rose Garden press conference last week.
It was very generous of the EC president to give something for Trump to crow about. But the European Union and the United States made a trade deal last week just like the US and North Korea made a nuclear deal last month.
What Trump and Juncker sealed with a kiss was a moratorium on the auto import tariffs that Trump was threatening. That represented a walk-back by Trump of his announced trade policy and a win for Juncker who successfully protected European automakers from US tariffs, at least for now. Click here to read more.
- The U.S.-EU Trade Breakthrough That Wasn’t (The Atlantic)
- Europeans Are Skeptical of Trade Truce With Trump (Washington Post)
- Trump Says He ‘Opened Up Europe’ for Farmers – Europeans Disagree (Wall Street Journal)
- Trump Declares Victory for Farmers in Trade Spat With EU (Agence France-Presse)
- German MEP: ‘No Victory for Juncker or Trump, But a Breather’ (Euractiv)
- Trump Adviser Kudlow Says U.S. to ‘Immediately’ Start EU Trade Talks on Agriculture (WSJ)