90 Miles From Tyranny : TRUMP WINS! Trump secures concessions from Europe, averting a trade war...

Wednesday, July 25, 2018

TRUMP WINS! Trump secures concessions from Europe, averting a trade war...

  • The Dow Jones Industrial Average popped Wednesday afternoon, rising more than half a percent on the news.
  • The Europeans agreed to lower industrial tariffs and import more U.S. soybeans, Dow Jones reported.
President Donald Trump on Wednesday secured concessions from Europe, averting a trade war, Dow Jones reported, citing a European Union official.

The report came shortly before Trump and European Commission President Jean-Claude Juncker were scheduled to brief the press at a joint conference in the White House Rose Garden.

The major averages rallied on the news, with the Dow Jones Industrial Average popping more than half a percent to a session high. The NASDAQ rose about 1 percent. The euro also rose, hitting a session high against the dollar.

The Europeans agreed to lower industrial tariffs and import more U.S. soybeans, Dow Jones reported. The Europeans also agreed to work on more U.S. liquid natural gas exports, the newswire reported. The two delegations had not yet finalized language on car tariffs, which had been a major sticking point for Trump in advance of the Juncker's first visit to the White House Wednesday.

Trump said earlier on Wednesday, during a meeting with Juncker, that he hoped "to work something out on a fair trade deal with Europe."

Trump and Juncker both said their aim was to lower tariffs and trade barriers between the U.S. and Europe. "If we can have no tariffs, and no barriers and no...Read More HERE

1 comment:

  1. Probably didn't even have to break out the good stuff. All required was rot-gut, but nary a drop until the paperwork was signed, shakey as it might be. So much for trade wars.

    China next. They have even less choice, if more line to tire themselves out with. Now or sooner, and better... or later, tired, broke, and with fewer customers. If we get used to paying slightly more for much better quality... if that becomes a real option again, and/or if interest goes up enough to make saving money a sane option, China will be finished. *tick-tock* *tick-tock* *tick-tock*

    I love playing games I can't lose!

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