John Bolton

John Bolton

Fallen Soldiers Returning Home from North Korea.


Wednesday, July 25, 2018

European Union Raises White Flag in Trump Trade War. VICTORY Without Firing a Shot!

Will the "Putin's Puppet" Hysterics take time off to recognize the win?

This is big!


President Donald Trump and European Commission president Jean-Claude Juncker speak in the Rose Garden of the White House, Wednesday, July 25, 2018 
After President Trump threatened to raise tariffs on E.U. exports to the United States European Commission president Jean-Claude Juncker made a hurried visit to Washington and in one afternoon announced "we made a deal." That wasn't so hard was it?

The United States is the largest economy in the world and the European Union's biggest trading partner. Who wouldn't want a piece of that? What a shame Obama never thought to ask for a better deal on behalf of America's workers who saw little but lip service from him for eight long years!

Here are some highlights from the press conference in the White House Rose Garden:
PRESIDENT TRUMP: So we had a big day. Very big. We met right here at the White House to launch a new phase in the relationship between the United States and the European Union — a phase of close friendship; of strong trade relations in which both of us will win; of working better together for global security and prosperity; and of fighting jointly against terrorism.

The United States and the European Union together count for more than 830 million citizens and more than 50 percent of the global GDP. In other words, together, we’re more than 50 percent of trade. If we team up, we can make our planet a better, more secure, and more prosperous place.

Already today, the United States and the European Union have a $1 trillion bilateral trade relationship — the largest economic relationship anywhere in the world. We want to further strengthen this trade relationship to the benefit of all American and European citizens.

This is why we agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods.

We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans. Soybeans is a big deal. And the European Union is going to start, almost immediately, to buy a lot of soybeans — they’re a tremendous market — buy a lot of soybeans from our farmers in the Midwest, primarily. So I thank you for that, Jean-Claude.

This will open markets for farmers and workers, increase investment, and lead to greater prosperity in both the United States and the European Union. It will also make trade fairer and more reciprocal. My favorite word: “reciprocal.”

Secondly, we agreed today to a strengthen and strengthening of our strategic cooperation with respect to energy. The European Union wants to import more liquefied natural gas — LNG — from the United States, and they’re going to be a very, very big buyer. 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. And we have plenty of it.
...
We also will resolve the steel and aluminum tariff issues, and we will resolve retaliatory tariffs. We have some tariffs that are retaliatory. And that will get resolved as part of what we’re doing.

And with that, Jean-Claude, please.
See the President's entire statement here.
PRESIDENT JUNCKER: Mr. President, ladies and gentlemen, when I was invited by the President to the White House, I had one intention: I had the intention to make a deal today. And we made a deal today.

We have identified a number of areas on which to work together. Work towards zero tariffs on industrial goods. And that was my main intention, to propose to come down to zero tariffs on industrial goods.

We’ve decided to strengthen our cooperation on energy. The EU will build more terminals to import liquefied natural gas from the U.S. This is also a message for others.

We agreed to establish a dialogue on standards. As far as agriculture is concerned, the European Union can import more soybeans from the U.S., and it will be done. And we also agreed to work together on the reform of the WTO. This, of course, is on the understanding that as long as we are negotiating, unless one party would stop the negotiations, we will hold off further tariffs, and we will reassess existing tariffs on steel and aluminum.

This was a good, constructive meeting. Thank you, Donald. (Applause.)
President Trump concluded:
PRESIDENT TRUMP: Well, thank you very much, Jean-Claude. And I just want to conclude by saying this was a very big day for free and fair trade. A very big day indeed.
Sorry to interrupt the regular news programming accusing Trump of treason or some fantasy about the stripper Stormy Daniels but this is the kind of news that has a positive economic impact on REAL Americans. Once again, Trump confounds his hysteric critics and delivers for the American people!

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