Focus on Trump's meeting with European Commission President Juncker - Deutsche Bank

Touting EU deal Trump claims Europe now'open to US farmers

"Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs".

Qualcomm needed Beijing's approval because China accounts for almost two-thirds of its revenue, but a deadline at yesterday in Asia passed without word from China's regulator. Qualcomm had said on Wednesday it was dropping the bid.

At a meeting in Washington on Wednesday, Juncker and Trump agreed the United States would hold back on threats to apply tariffs on the auto sector as the two sides conduct negotiations.

In return, "the European Union is going to start, nearly immediately, to buy a lot of soybeans ... from our farmers", Trump said.

Trump warned at a cabinet meeting last week that he would move forward with 25 per cent auto tariffs if the meeting with Juncker didn't go well.

The daily reports that on the whole, Trump ditched his argumentative approach, which he used during the G7 and North Atlantic Treaty Organisation summits; instead, he was "charming, well-briefed" and "made an effort" to reach a deal.

"We will also resolve the steel and aluminium tariff issues", he added, reconsidering his attack, in March, on European Union metals exporters.

It remains to be seen if the surprise deal, which came together in just three and half hours of talks, will stand the test of time despite Juncker and Trump's "understanding".

Twitter stocks dive 20% as users drop by a million
Non-GAAP earnings were 17 cents per share on revenue of $711 million, up 27 percent year over year. A Washington Post report put the total number of suspended accounts in May and June at 70 million.

"Breakthrough achieved that can avoid trade war and save millions of jobs. Great for global economy", tweeted German Chancellor Angela Merkel's economy minister, Peter Altmaier. Whether any actual concessions have been made or will be made, a freeze on the spiral of tariffs on both sides is good news.

"I know that Trump's tariffs targeting China will have some effect, but we're not anxious at all, since we're producing foreign flags every single day", she said. The EU, naturally, disagrees, as evidenced by its complaint to the World Trade Organization.

Juncker said the United States had agreed to build more LNG export terminals to increase supplies to Europe.

In the unlikely event that Trump agrees, Juncker will suggest that significant makers of cars and auto parts, including Japan and South Korea, negotiate a multi-lateral agreement with the aim of reducing tariffs on those products to zero.

Trump will take his competitive approach on trade into a meeting Wednesday with European commission president Jean-Claude Juncker, who will come armed with proposals meant to appease the mad man behind the wheel.

He said: "Trump has achieved more in one day of trade negotiations with the European Union than May has in two years".

Perhaps Trump thinks that because he can impose tariffs on more goods than the Europeans, the US will win the game.

The official stressed on Thursday that Trump retained the power to implement tariffs on cars if needed and said there was no deadline for the completion of talks. Similar negotiations were already underway for several years as part of the Transatlantic Trade and Investment Partnership during the Obama administration; however, they were halted indefinitely in late 2016.

Related:

Comments

Latest news

Brexit Secretary confident of workable solution on Irish border
The pound weakened on his comments and was down 0.5 percent at $1.3129 as of 6:25 p.m.in London time. Mr Barnier said there had been progress on the issue of security and data sharing.

Nick Jonas & Priyanka Chopra Are Engaged!
Nick had reportedly shut down a Tiffany store in order to buy a ring for his rumoured lady love. A few weeks later, Jonas met Chopra's mother in India.

FACEBOOK FAIL: Zuckerberg Loses $16 BILLION in FIVE MINUTES as Shares PLUNGE
Investors were also concerned by figures which showed the number of active users has also grown less quickly than expected. He said in April : "But it's clear now that we didn't do enough to prevent these tools from being used for harm as well".

UK’s May taking personal control of Brexit talks
Preparations for no deal need to accelerate from the current position of "consult and cajole" to "command and control", he told the paper.

Officials release redacted 911 call about Lovato emergency
She answers: "I was, I am downstairs, other people are upstairs with her". "I make sure I stay on my medications". TMZ claims that the EMTs administered it , while Us Weekly states that a friend provided the Narcan to Lovato.

Iran Vows to Respond to US Threats with ‘Equal Countermeasures’
Also bolstering prices, tensions between the United States and Iran have been rapidly escalating over the past week. Soleimani called Trump a "gambler" and said his language belongs in "nightclubs".

'Blood moon' to dazzle sky gazers for 21st Century's longest lunar eclipse
NASA , meanwhile, has called out social media hoaxers claiming that Mars will appear as big as the moon during the eclipse . The total lunar eclipse will coincide with another relatively rare celestial phenomenon known as the Mars opposition.

Party of Pakistan's jailed ex-PM rejects election results, alleges rigging
The third major party in the race, the Pakistan Peoples Party ( PPP ), also raised alarms over the counting process on Thursday. Voting began at 8 am (local time), during which most of Pakistan's almost 106 million people came out to cast their votes.

Auto tariffs won’t be imposed on European Union: Wilbur Ross
We were being nice - until now! A "trade promotion program" will work to find new markets for USA agricultural products. Politicians Tuesday announced that $12 billion would go back to American farmers as form of tariff relief.

Emre Can reveals Jurgen Klopp's parting words on swapping Liverpool for Juventus
That's what we will do again. "I am not in doubt about our basis or that we will reach it again". However, they sold Brazil playmaker Philippe Coutinho to Barcelona for £142m in January.

12 audio files sent to prosecutors in Michael Cohen probe
Trump or his attorneys come forward today, right now and claim there are no other tapes?" The tabloid never published the story. The tape details payments made to porn stars that President Tump had affairs with months before the 2016 presidential election.

Arsenal manager respects Ozil's Germany choice, says Gunners are his 'home'
The DFB on Monday rejected Ozil's claims of racism and reiterated their belief that the player should have explained his motive behind the meeting, as team-mate Ilkay Gundogan did.

Uber, Lyft suspend driver who recorded St. Louis passengers
But, of course, that all changed following the publication of the Post-Dispatch's investigation. "I didn't like it". "It was fake. On a recent Saturday night, a posting showed two women in their 20s in Gargac's black Chevrolet Silverado.

United States impress on opening day of Rugby World Cup Sevens
Black Ferns Sevens captain Sarah Goss echoed Mikkelson's sentiment, with fond memories of victories in Moscow and Gold Coast. Blyde opened the scoring in the final for New Zealand , who weathered some ferocious French tackling before cutting loose.

Agriculture Department to send $12 billion to farmers hurt by tariffs
He defended his aggressive stance again on Tuesday, saying it was bringing other governments to the negotiating table. Department of Agriculture said the amount is in line with the $11 billion estimated impact of tariffs.

Other news