There is no doubt; Trump is a great negotiator. The best in decades. He know how to play this game, mainly because he is a business-man. He made a deal with “the rocket man” and now he is making a deal with the EU. Mr Trump is making America great again, and Trump is a good cheerleader.
US and EU agreed today to work toward zero tariffs and zero barriers. European Commission President Jean-Claude Juncker didn`t reveal any details on what they specifically agreed to. Nor did President Trump.
“We will also work to reduce barriers and increase trade and services, chemicals, pharmaceuticals, medical products as well as soybeans,” Trump said. “Soybeans is a big deal.”
The farmers have supported Trump despite the fact that the prices of Soybeans has plummeted. Now, this has changed. The European Union is starting to buy soybeans from the U.S immediatly and EU is a new market that have opened up for them. That`s what I call business.
Foe or frenemy? Trump calls EU leader “smart” after ripping Europe.
The U.S has lost a lot of money on the deal with EU so far. That is about to change. In proposing new trade talks with the European Union, Trump said, “we want to further strengthen this trade relationship to the benefit of all American and European citizens.”
So, why is a trade agreement so important? International trade is important for the Netherlands and the European Union. Like international investment, it generates economic growth and employment. Around a third of the Netherlands` national income is related to trade.
59% of the Dutch population work for a company that imports and/or exports goods and services. In addition, 800,000 people work for foreign companies operating in the Netherlands. Trade is therefore very important to their economy.
That`s why the Dutch government aims to make effective international trade deals. Like the Transatlantic Trade and Investment partnership (TTIP) between the EU and the US. The Netherlands stands to gain from this trade agreement between the EU and the US.
The Dutch and American economies are already closely linked. The Netherlands is the third largest investor in the U.S. While the U.S is the Netherlands` largest trading partner outside the EU. The Netherlands exports goods to the value of €20 billion to the U.S every year.
European carmakers climbed after President Donald Trump backed off his threat to levy tariffs on cars imported to the U.S during a meeting with Juncker. Many automaker shares jumped on Thursday after the good news.
Germany`s VDA auto industry association called the meeting “a big step forward” and “good news for industry and consumers on both sides of the Atlantic.”
“We had a big day, very big,” Trump said during a press conference with Juncker. “We are starting the negotiation right now, but we know where it is going.”
Mr Trump is a winner and America is back.