President Trump and EU agree to Work Toward ‘Zero Tariffs’

President Trump and European Commission President Jean-Claude Juncker on Wednesday announced that they have reached a deal to begin resolving a dispute over tariffs and avoid a trade war.

“We agreed today first of all to work together towards zero tariffs, zero non-tariff barriers and zero subsidies for the non-auto industrial goods,” Trump¬†announced in a joint statement with Juncker¬†in the White House Rose Garden.

The EU has agreed to increase U.S. soybean imports, lower industrial tariffs with the aim of dropping them to zero and work more closely together on regulations and energy, including buying more more liquified natural gas (LNG).