(NAFB.com) – The European Union won a pause from President Donald Trump’s threatened 50 percent tariffs. However, Reuters said it’s not certain yet how the EU will push for a beneficial trade deal while Washington pushes for steeper EU concessions. After a conference call with the EU Commission President, Trump restored the July 9 deadline to allow talks between the U.S. and the 27-member nations to produce a trade agreement. The EU Commission oversees the trade policy for the bloc and said the call from Trump added new motivation to the negotiations that the two presidents agreed to put on a fast track. There wasn’t a lot of indication of what, if any, progress was made during the phone call toward clearing a path toward a negotiated solution. The EU wants a deal beneficial to both sides that could include moving to zero tariffs on industrial goods and the EU buying more U.S. soybeans.
