US and EU agree to lower trade barriers | Money Talks

Trump I open up Europe for US farmers

Now, Trump is doing the same on trade.

A "flood" of lawmakers expressed similar trade policy concerns to Kudlow and Navarro in the meeting, said Rep. Bill Huizenga, R-Mich.

President Trump proves that it is better to stand up to the European Union than to grumble.

At a meeting at the White House with European Commission President Jean-Claude Juncker, US President Donald J. Trump reiterated his country's goal of becoming a major exporter of liquefied natural gas (LNG) to Europe, reducing the EU's reliance on Russian Federation.

"Today's announcement demonstrates that bilateral negotiations are a more effective approach to resolving trade barriers, not increasing tariffs", the alliance said in a statement.

In a little-noticed interview with Fox News's Maria Bartiromo earlier this month, Trump revealed that during the G-7 summit he made a sweeping proposal.

The EU said it will also import more liquefied natural gas (LNG) from the United States in an attempt to "diversity its energy supply". No barriers, no tax. "We're going to make it much easier for them, but they're going to be a massive buyer of LNG, so they'll be able to diversify their energy supply, which they want very much to do".

Trump later tweeted that his meeting with Juncker had "great warmth", adding: 'A breakthrough has been quickly made that nobody thought possible!'

"I was making sure they heard the message that this is not just uncomfortable, but it's painful and damaging", Huizenga said.

The EU in particular has responded with retaliatory tariffs on a wide range of USA products, including bourbon, blue jeans, cigarettes, and motorcycles.

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Trump knows that most of our trading partners don't really want free trade; they want managed trade, where they can get access to USA markets while protecting certain industries from US competition.

"This bolsters Trump's argument that being tough and aggressive-and, yes, using tariffs where required-can get you to the negotiating table", Kudlow said.

"I don't know why he is picking on our good customers, the Europeans, Canada, Mexico and China, but still, in all, he will cozy up to Putin and the North Koreans". "Hope they do it, we are ready - but they won't". When can we be there?' [Laughter.] 'Would tomorrow be okay?' Oh, folks, stick with us.

Kudlow described the agreement with Europe as a vindication of Trump's tough stances on trade.

Trump hosted Juncker at the White House this week to discuss trade and tariffs less than two weeks after Trump dubbed the European Union (EU) a USA trade "foe" in a "CBS Evening News" interview with anchor Jeff Glor. "Sounds like Trump has caved in on his ridiculous tariffs to the European Union".

He says America does have some of its own retaliatory tariffs that will be resolved as a part of the trade talks. That's three-dimensional trade chess.

"Tariffs are the greatest!", he had also tweeted on Tuesday, lending the outcome a magical quality.

Dr Patrick Cronin, senior director for the Asia-Pacific programme at the Centre for a New American Security, told The Straits Times: "Europe and the United States are back on the same team with respect to free and fair trade". And in trade, nothing is agreed to until everything is agreed to. "It's a first step".

Republican senator Ron Johnson voiced the views of free traders in Trump's party, saying: "This is becoming more and more like a Soviet-type of economy here: commissars deciding who's going to be granted waivers, commissars in the administration figuring out how they're going to sprinkle around benefits".

Marc Thiessen is a resident fellow at the American Enterprise Institute (AEI).

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