
For now the United States has called off the dogs on trade with the European Union. Despite the cease-fire in the skirmishes between the two, however, the future of their trade relationship remains uncertain. During a joint press conference after a meeting at the White House on July 25, European Commission President Jean-Claude Juncker and U.S. President Donald Trump announced that they had reached an initial "deal," essentially a promise to begin negotiations over various trade issues. But little in the way of clarity on concrete actions was offered. The centerpiece of the agreement was an announcement that the United States and European Union would work toward a deal that would reduce subsidies, tariffs and non-tariff barriers on certain industrial goods and would consider reform of the World Trade Organization.