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Trump, EU join hands to eliminate trade tariffs
United States President Donald Trump and European Commission President JeanClaude Juncker have joined hands to eliminate tariffs
Washington D.C. [U.S.A.]: United States President Donald Trump and European Commission President Jean-Claude Juncker have joined hands to eliminate tariffs.
The meeting turned out to be fruitful since the elimination of tariffs would reduce the growing tension between EU and the USA.
President Trump called the meeting a 'very big day for free and fair trade'.
"We agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods," CNN quoted Trump, as saying.
Ahead of Jean-Claude's visit to the White House on Wednesday for a meeting to negotiate a trade deal, Trump suggested the European Union drop all tariffs barriers.
"The European Union is coming to Washington tomorrow to negotiate a deal on Trade. I have an idea for them.
Both the U.S. and the E.U. drop all Tariffs, Barriers, and Subsidies! That would finally be called Free Market and Fair Trade! Hope they do it, we are ready - but they won't!" he tweeted.
The European Union is coming to Washington tomorrow to negotiate a deal on Trade. I have an idea for them. Both the U.S. and the E.U. drop all Tariffs, Barriers and Subsidies! That would finally be called Free Market and Fair Trade! Hope they do it, we are ready - but they won’t!
— Donald J. Trump (@realDonaldTrump) July 25, 2018
Earlier this year, the Trump administration slapped tariffs on steel and aluminium imports from several U.S. allies, including the EU.
Trump also threatened to impose a 20 per cent tariff on all European automobile imports.
