Global EditionASIA 中文雙語Fran?ais
    World
    Home / World / Americas

    Trump, EU leader pledge to cut trade barriers

    Updated: 2018-07-26 04:50
    Share
    Share - WeChat
    European Commission President Jean-Claude Juncker and US President Donald Trump speak to the news media in the Rose Garden of the White House in Washington, US, July 25, 2018. [Photo/Agencies]

    WASHINGTON - US President Donald Trump and the European Union's chief executive, Jean-Claude Juncker, agreed on Wednesday to work toward eliminating trade barriers on industrial goods, as Trump appeared to give ground on his threat to impose car tariffs.

    The agreement to pull together a "high-level working group" to negotiate the tariff, subsidy and non-tariff barrier reductions could reduce fears of an escalating transatlantic trade war launched by Trump's tariffs on steel and aluminum and a threat to impose a 25 percent tariff on imported cars and auto parts.

    News of the agreement helped global stocks extend their recent rally.

    Trump and Juncker said after a White House meeting that they agreed to hold sweeping trade talks that also cover increased European purchases of American soybeans and liquefied natural gas (LNG) and reducing barriers to transatlantic trade in services, chemicals, pharmaceuticals and medical products.

    They also said they would cooperate to reform the rules of the World Trade Organization.

    But Trump agreed to "resolve" existing US tariffs on European steel and aluminum as well as Europe's retaliatory tariffs against American motorcycles, bourbon and other products.

    Juncker said that while negotiations were taking place on those issues, both sides had agreed not to impose new tariffs, including those threatened by Trump on autos and auto parts.

    "As long as we are negotiating, unless one party would stop the negotiations, we will hold off further tariffs," Juncker said. "And we will reassess the existing tariffs on steel and aluminum."

    Trump's threat to impose tariffs on auto imports would hit European carmakers BMW Daimler and Volkswagen hard, as well as Japanese and South Korean car companies.

    The Commerce Department could recommend new tariffs as early as September after an investigation into whether car imports posed a risk to US national security.

    The two leaders did not specifically mention car tariffs in their statements, keeping the focus on other industrial products.

    "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 told reporters at the White House.

    The Commission briefed EU countries last week on the bloc's possible response to car tariffs, saying in theory it could hit 9 billion euros of US goods, according to EU sources.

    Reuters 

    Most Viewed in 24 Hours
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    www.中文字幕| 91精品国产综合久久四虎久久无码一级| 未满十八18禁止免费无码网站| 色综合久久综合中文综合网| 日韩人妻无码精品久久久不卡| 日本乱人伦中文字幕网站| 亚洲一级特黄大片无码毛片| 少妇人妻无码精品视频| 三上悠亚ssⅰn939无码播放| 亚洲人成无码网WWW| 18禁免费无码无遮挡不卡网站| 亚洲国产精品无码久久| 亚洲日韩AV一区二区三区中文 | 亚洲中文字幕日产乱码高清app| 日韩免费人妻AV无码专区蜜桃| 免费无码又爽又刺激网站| 色婷婷综合久久久中文字幕 | 亚洲人成影院在线无码观看| 播放亚洲男人永久无码天堂| 无码人妻精品中文字幕| 亚洲av成人无码久久精品| 久久亚洲AV无码精品色午夜| 麻豆AV无码精品一区二区| 久久亚洲中文字幕精品一区| 亚洲韩国—中文字幕| 日韩中文字幕电影| 中文字幕免费视频一| 最好看2019高清中文字幕| а中文在线天堂| 最近最新高清免费中文字幕 | 一本加勒比HEZYO无码人妻| 免费A级毛片无码A∨免费| 一本色道无码道在线观看| 暴力强奷在线播放无码| 亚洲大尺度无码无码专区| 无码毛片视频一区二区本码| 人妻丰满熟妇岳AV无码区HD| av无码一区二区三区| 亚洲av中文无码| 人妻AV中文字幕一区二区三区| 中文字幕乱码一区二区免费|