Trump, EU agree to work toward eliminating tariffs

During a meeting on Wednesday, President Trump and European Commission President Jean-Claude Juncker promised to work together to lift barriers on trade and eliminate tariffs, Trump announced in the White House Rose Garden.

"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. Having already imposed higher tariffs on European steel and aluminum, Trump had threatened a 25 percent tariff on European vehicles, but Juncker said both sides have agreed to "hold off on other tariffs" during negotiations. Trump also shared that the EU said it will import more U.S. soybeans and liquid natural gas.

"We will not go against the spirit of this agreement unless either party terminates the negotiation," Trump said. "So, we're starting the negotiation right now, but we know very much where it's going."

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