10 things you need to know today: July 26, 2018

Trump and Europe back away from a trade war, the Trump administration delays Putin's visit to Washington, and more

Trump and Juncker at the White House
(Image credit: Win McNamee/Getty Images)

1. Trump and European Commission leader back away from a trade war

President Trump and European Commission President Jean-Claude Juncker on Wednesday dialed back trade tensions, promising to work together to lift barriers on trade and eliminate tariffs. Trump announced their agreement in the White House Rose Garden after meeting with Juncker. "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. Trump has imposed higher tariffs on European steel and aluminum and threatened a 25 percent tariff on European vehicles. European leaders have retaliated, but Juncker said both sides agreed to "hold off on other tariffs" while they negotiate a mutually beneficial deal.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.