Trump and Juncker agree not to impose any new tariffs, to eliminate steel and aluminum levies

Published: July 25, 2018 4:31 p.m. ET

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White House reporter

President Donald Trump said he and European Commission President Jean-Claude Juncker agreed to work toward "zero tariffs" and "zero subsidies on non-auto industrial goods." At an unscheduled news conference following a joint meeting, Trump also said the EU would buy more U.S. soybeans almost immediately and that he and Juncker would work to resolve tariffs on European steel and aluminum. U.S. stocks DJIA, +0.68% jumped on reports that the U.S. and EU had reached a deal to resolve trade tensions. Trump has threatened to impose tariffs on European autos but said he'll hold off on any retaliation as long as talks are taking place.