Trump Scores EU Trade Deal: A ‘Major WIN for the President,’ ‘Major Concession’ by European Union

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CLEVELAND, OH - JULY 21: Republican presidential candidate Donald Trump gives two thumbs up to the crowd during the evening session on the fourth day of the Republican National Convention on July 21, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Republican presidential candidate Donald Trump received the number of votes needed to secure the party's nomination. An estimated 50,000 people are expected in Cleveland, including hundreds of protesters and members of the media. The four-day Republican National Convention kicked off on July 18. (Photo by Chip Somodevilla/Getty Images)

President Trump scored a “major win” by reaching a limited trade deal Wednesday with the European Union, which made a “major concession” to the United States to avoid a trade war.

That’s according to business news anchor Neil Cavuto of Fox News — who just last week blasted President Trump over his press conference with Russian President Vladimir Putin in Helsinki, Finland.

Amidst recent tariffs and tensions, European Commission President Jean-Claude Juncker arrived at the White House with two options for a deal to avoid a wider trade war, according to ABC News: “eliminate tariffs on cars for all trading partners or create a limited free trade agreement between the U.S. and EU on industrial goods.”

Trump opted for the latter — and secured Europe’s agreement to buy more American soybeans and liquified natural gas (LNG). The two also announced that they would begin “to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods,” in Trump’s words.

The Dow Jones Industrial Average jumped on the news, which was seen as a major win for Trump’s gamble of using tariffs, tweets, and threats to extract concessions from U.S. trading partners.

Cavuto said:

This is a dramatic, a stunning development, on trade … The Europeans, it might be deemed, have blinked. They have made concessions to President Trump … to meet the president’s demand that lifts tariffs that are already in effect against the European Union. This is a major win for President Trump. It is a major concession on the part of the European Union … A few hours ago, they were pooh-poohing — all the major publications … for the President of the United States, a win, and a big one, economically.

Source: Breitbart

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