My notes on POTUS statement today…
(pls ignore all my spelling errors) :]
Per POTUS:
EU + US = More than 830,000,000 citizens
EU + US = 50% OF GLOBAL TRADE/GDP
If we team up we can make our planet a better, more secure, more prosperous place.
EU + US = $1 TRILLION TRADE RELATIONSHIP
We want to make it better for all Eu and US citizens; this is why we agreed today to work together to toward:
1.) Zero Tariffs
2.) Zero Non-tariff Barriers
3.) Zero Subsidies on Non-Auto Industrial goods
4.) Reduce barriers and increase trade on services, chemicals, pharmacuticals, medical products, as well as…
5.) Soybeans!!! Big deal! Almost immediatly, to buy a lot of Soybeans (from our Midwest farmers primarily)
FAIR and RECIPRICAL TRADE!!!
6.) ENERGY - Strengthening our trade by EU importing more Liquified Natural Gas (LNG) from the U.S. They're going to be a MASSIVE buyer!!!
7.) Open dialogue on standards to ease trade, reduce beurocratic opsticales, and slash costs dramatically
8.) Join forces to protect European and American companies with better deals; as well as working with like-minded partners to reform the WTO and to address unfair trading practices, including intellectual property theft, forced technology transfer, industrial subsidies, distortion created by state owned enterprises, and over-capacity.
9.) Setting up an Executive Working Group (of very intelligent people) to be our closest advisors and that will help to carry out this agenda. It will also identify short term measures to facilitate commercial exchanges and assess existing tariff measures and what we can do about that to the betterment of both.
We will not go agains the "Spirit of this Agreement" unless either party terminates the negotiation. Starting the negotiations right now, but we know very much where it's going.
10.) Will also resolve the steel and aluminum tariff issues and we will resolve "retalleatory" tariffs