Trump, EU Commision President Agree to Work Toward Zero Tariffs

July 26, 2018
President Donald Trump said Wednesday that he and European Commission President Jean-Claude Juncker agreed to work toward eliminating tariffs and barriers on trade, reducing tensions for now in a brewing trade war.

July 26, 2018—President Donald Trump said Wednesday that he and European Commission President Jean-Claude Juncker agreed to work toward eliminating tariffs and barriers on trade, reducing tensions for now in a possible trade war, CNN reports.

Recently, Trump has threatened a 25 percent tariff on European autos, a warning that seems to have been staved off.

"We agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods," Trump said.

Yesterday, two senators introduced a bipartisan bill to delay Trump’s potential 25 percent tariff on foreign automobiles. This legislation would delay the tariffs until after the U.S. International Trade Commission presented a report to Congress on effects the tariff would have on jobs in the U.S. automotive industry.

Sponsored Recommendations

Valvoline Partner Solutions

We arm you with products that build trust, tools that unlock productivity, and training that drives business performance, so you feel confident in where your...

Grow the business you know

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

Solutions that drive results

Connect with Valvoline experts to increase operational efficiency and customer loyalty – from Valvoline-funded promotions to hands-on training, we’re here to...

Free Resources for Shops Like Yours

View insights, research and solutions curated specifically for shops like yours.