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Joint U.S.-EU Statement following President Juncker's visit to the White House
Washington, 25 July 2018
We met today in Washington, D.C. to launch a new phase in the relationship between the United States and the European Union – a phase of close friendship, of strong trade relations in which both of us will win, of working better together for global security and prosperity, and of fighting jointly against terrorism.
The United States and the European Union together count more than 830 million citizens and more than 50 percent of global GDP. 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 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. We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans.
This will open markets for farmers and workers, increase investment, and lead to greater prosperity in both the United States and the European Union. It will also make trade fairer and more reciprocal.
Secondly, we agreed today to strengthen our strategic cooperation with respect to energy. The European Union wants to import more liquefied natural gas (LNG) from the United States to diversify its energy supply.
Thirdly, we agreed today to launch a close dialogue on standards in order to ease trade, reduce bureaucratic obstacles, and slash costs.
Fourthly, we agreed today to join forces to protect American and European companies better from unfair global trade practices. We will therefore work closely together with like-minded partners to reform the WTO and to address unfair trading practices, including intellectual property theft, forced technology transfer, industrial subsidies, distortions created by state owned enterprises, and overcapacity.
We decided to set up immediately an Executive Working Group of our closest advisors to carry this joint agenda forward. In addition, it will identify short-term measures to facilitate commercial exchanges and assess existing tariff measures. While we are working on this, we will not go against the spirit of this agreement, unless either party terminates the negotiations.
We also want to resolve the steel and aluminum tariff issues and retaliatory tariffs.
originally posted by: OtherSideOfTheCoin
a reply to: bigfatfurrytexan
I think your right.
Although I am pretty sure you and I will disagree one how favourably the history books will look upon Trump I do think that the first draft of history is often the roughest and toughest on its actors.
I know one thing.
I really want to read the books that are going to come out a few years after his time as POTUS ends because I think its going to make for some very interesting reading.
The EU has agreed to introduce more soybeans, cut tariffs on industrial products, and work more on liquefied gas exports, according to the report.
Experts urged caution. Bart Oosterveld, director of the global business and economics programme at the Atlantic Council thinktank in Washington, said: “The avoidance of a disaster is not a success. What I think we saw is the resumption of some basic dialogue. Individual items like soybeans and LNG [liquefied natural gas] are not massively significant. I don’t think the EU would agree to a major revision of trade terms without steel and aluminium being taken off the table first.”
Recalling numerous recent differences between the US and EU, ranging from the Paris climate accord to the Iran nuclear deal, Oosterveld welcomed the signs of cooperation. “To the extent they’ve agreed to continue to talk and take a joint approach to Chinese trade practices, it’s significant. This puts everything on a slightly more stable footing. To see them make joint statements on the WTO, for example, is a positive we haven’t seen in a while. But those of us who care about a rules-based order on global trade shouldn’t run a victory lap just yet.”
Success for the EU
US President Trump wants to disarm in the trade dispute
When meeting with EU leader Juncker, the US president makes surprising concessions. He wants to negotiate a big agreement with the Europeans and waive car duties for the time being. What is behind this about-turn?
The matter actually seemed clear: Just over an hour ago, the President of the European Commission, Jean-Claude Juncker, and US President Donald Trump wanted to talk to each other in Washington about the trade conflict. That's it. A press statement was not provided. With a concrete result was hardly expected.
But then the two politicians sat in the Oval Office for two and a half hours - and suddenly there was a hastily arranged appearance for Juncker and Trump in the rose garden of the White House in front of the press. "I came to Washington with the intention of getting a deal and I got one," the EU boss announced proudly.
originally posted by: Phage
All Trump did was cause a public ruckus with his "Germany is totally controlled by Russia." Or do you think that part of the "talks" will be about shutting the project down?
originally posted by: notsure1
America first.. LOL the left must be losing their minds.. Trump right again Morons wrong again..
Thats Trump 223 idiots -2 LOl