US President Donald Trump and European Commission President Jean-Claude Juncker announced that they have reached an understanding on lowering barriers between the two sides.
During his visit to the White House, Juncker appeared to have made several concessions to POTUS Trump in an effort to avoid a trade war…such concession include buying more US soybeans and purchasing expensive, American LNG.
Trump was firm in his stance on trade with the EU, insisting on reciprocal trade relations between the two blocks.
“I came to make a deal, and we made a deal today,” Juncker said on Wednesday at the White House.
Juncker confirmed that the EU will build more terminals in order to import liquid natural gas (LNG) from the US. LNG has to be delivered by ship to specialized facilities, unlike the natural gas currently being delivered to Europe from Russia.
Trump stated that the EU will be buying “a lot more” soybeans from the United States, and that Brussels and Washington will work to eliminate tariffs, barriers and subsidies on “non-auto industrial goods.”
In short, Juncker came to the White House and completely folded to Trump’s demands. As RT’s Max Keiser so aptly puts it in the video clip below…Juncker came to DC and became a “surrender monkey.” Remember to Please Subscribe to The Duran’s YouTube Channel.
US and EU have been in loggerheads over trade after US announced tariffs on steel and aluminum in March, provoking a response from Brussels after they were introduced later. Before the talks with Juncker, Trump has threatened to impose additional penalties on trading partners as he prepares for talks with European officials at the White House.
In a Tuesday morning tweet, he called tariffs “the greatest,” saying every US trade partner should either negotiate a “fair deal, or it gets hit with Tariffs. It’s as simple as that.”
The US and the EU will also team up to address “unfair trade practices” at the World Trade Organization, Trump said, listing his long-standing complaints about China such as intellectual property theft and technology transfers. Trump has been bashing the World Trade Organization for months sparking concerns that his actions would undermine the global trade.
“We will not go against the spirit of this agreement unless either party terminates this negotiation,” the US president said, adding that the next step will be to withdraw US tariffs on aluminum and steel imposed in May, as well as EU retaliatory tariffs that followed.
The two leaders did not take questions from the press.