Trump and Juncker’s $160 Billion Path Starts With €37 Billion Bean-and-Gas Based Deal — Panjiva


Trump and Juncker’s $160 Billion Path Starts With €37 Billion Bean-and-Gas Based Deal

Ags - Grains/Beans 167 Cons. Staples - Food/Beverages 406 Energy - Conventional 278 Energy - Natural Gas 89 European Union 414 Trade Deals 708 U.S. 3362

President Juncker and President Trump have reached an important, but early stage, agreement to liberalize trade between the EU and the U.S. While unlikely to be as extensive as the defunct TTIP from the Obama administration it could cover all industrial products outside of autos as well as cutting trade barriers in agriculture, healthcare and energy. That should help reduce the EU’s $160 billion trade surplus vs. the U.S. which has been central to Trump administration’s trade policy. Challenges will abound though. The EU’s GMO rules may limit the increase in imports of soybea...

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