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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by FOXNEWS.COM:

President Trump announced Wednesday that he has secured major trade concessions from European Union officials as part of an effort to head off a trade war between the U.S. and the E.U.

After talks at the White House with E.U. officials, Trump announced in a joint Rose Garden appearance that the delegation agreed to increase imports of soybeans and liquefied natural gas. Both sides agreed to work toward the goal of “zero” tariffs and subsidies on non-auto industrial goods and to “resolve” recent tariffs that both sides have imposed.

“This was a very big day for free and fair trade,” Trump said.

The article goes on to state the following:

Trump said they also are looking to slash regulations that limit access to each other’s markets and to reform the World Trade Organization and limit unfair market practices.

Trump made the announcement alongside European Commission President Jean-Claude Juncker at a press conference in the Rose Garden after more than two hours of talks at the White House.

“We had a big day, very big,” Trump said. “We set out to launch a new phase of close friendship between the United States and the European Union, strong trade relationships where both of us will win.”

The import of soybeans is a boost to American farmers, who have seen prices plummet after China slapped a retaliatory tariff on American goods including soybeans, in the wake of U.S. tariffs on aluminum and steel.

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President Trump challenged the European Union in a Twitter statement Tuesday night, saying both sides should drop all tariffs, trade barriers and subsidies:

The European Union is coming to Washington tomorrow to negotiate a deal on Trade. I have an idea for them. Both the U.S. and the E.U. drop all Tariffs, Barriers and Subsidies! That would finally be called Free Market and Fair Trade! Hope they do it, we are ready – but they won’t!

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