26 July 2018

Peace in our time?


Improbably, Trump and Juncker seem to have found common ground.  Politico reports:
Trump said the United States will pause its plans to impose new tariffs against the European Union and work to resolve existing differences over trade in an attempt to avoid a full-blown trade war.
The announcement appeared to have been slapped together at the last minute.
...
Planned or not, the statement had the short-term effect of easing tensions between the United States and Europe, and the news of an agreement on trade sent stock prices soaring.
 It is entirely possible, of course, that Trump may reverse himself tomorrow but so far so good.

(The matter of US-produced soybeans may be a stumbling block.)


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