Trump, E.U. announce deal to avert escalation of trade tensions

Trump, E.U. announce deal to avert escalation of trade tensions

The Washington Post | July 25, 2018 |By Damian Paletta and Jeanne Whalen 

The United States and the European Union stepped back from the brink of an escalating trade war Wednesday, with the unexpected announcement of a process to ease tensions and avoid further tariffs.

In an appearance in the White House Rose Garden, President Trump and European Commission President Jean-Claude Juncker said they had agreed to hold off on proposed car tariffs, and work to resolve their dispute on steel and aluminum tariffs, while pursuing a bilateral trade deal.

“While we are working on this, we will not go against the spirit of this agreement unless either party terminates the negotiation,” Trump said. “We also will resolve the steel and aluminum tariff issues, and we will resolve retaliatory tariffs.”

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