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U.S. and E.U. Trade Deal

President Trump met with Jean Juncker, the European Commission president, in Washington D.C. on Wednesday, July 25 and discussed trade issues and together they worked to begin the process of lowering tariffs and take down certain trade barriers.

They discussed trade barriers regarding steel and aluminum and agreed to work towards lowering those tariffs. They also agreed on decreasing subsidies on natural goods.

The U.S. government has already imposed a billion dollars worth of tariffs on the European Union. Those actions were not favored by the Europeans and Juncker set off to D.C. to discuss the issue after the tariffs were imposed.

There have been issues with the U.S. threatening to impose tariffs on the automobile industry in the EU. Those threats alarmed nations, such as Germany who plays a major role in car dealing with the U.S.

If the car tariffs proceed into action, the EU is planning on using tariffs against American food and technology.

Juncker proposed that the world’s main car exporters get rid of tariffs all together. He also proposed other trade deals between various U.S. and EU products.

As of now, it is unclear if the tariffs will be completely dissolved, but both men discussed both side’s viewpoints and have begun working to insure that both sides will walk away satisfied.

 

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