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."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Jaguar Land Rover’s cyber bailoutTalking Point Should the government do more to protect business from the ‘cyber shockwave’?
-
Russia: already at war with Europe?Talking Point As Kremlin begins ‘cranking up attacks’ on Ukraine’s European allies, questions about future action remain unanswered
-
Crossword: October 5, 2025The Week's daily crossword puzzle
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
Fed cuts interest rates a quarter pointSpeed Read ‘The cut suggests a broader shift toward concern about cracks forming in the job market’
-
Why are global postal services cutting off package delivery to the US?Today's Big Question 'Uncertainty' around new tariff rules halts small-dollar imports
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
Switzerland could experience unique economic problems from Trump's tariffsIn the Spotlight The current US tariff rate on Switzerland is among the highest in the world
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
How is Trump's economy doing?Talking Points The latest jobs numbers suggest a slowdown in the offing
