Home Breaking All we know about Trump and Juncker’s ‘zero tariffs’ deal

All we know about Trump and Juncker’s ‘zero tariffs’ deal

by Purvai Dua
26th Jul 18 8:27 am

In a surprise announcement last evening, Donald Trump and European Commission President Jean-Claude Juncker said they have reached an understanding to work towards eliminating tariffs and barriers on trade.

This development comes as Trump had threatened a 25 per cent tariff on European autos.

“We agreed today, first of all, to work together towards zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods,” said Trump, with Juncker by his side.

He added: “This was a very big day for free and fair trade.”

Juncker later told reporters that was a “major concession” on Trump’s part and that he expected the US president to follow through on it.

European governments and EU officials hailed the Trump-Juncker agreement as a major success.

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