Trump set for tense trade talks with EU's Juncker

Image
AFP Washington
Last Updated : Jul 25 2018 | 11:30 PM IST

US President Donald Trump hosts European Commission chief Jean-Claude Juncker today for what is set to be a tense face-to-face, with efforts to resolve a festering trade dispute between the two key economies seemingly deadlocked.

Speaking ahead of the White House talks, Juncker admitted he was "not very optimistic," while Trump kicked off the day with a combative series of tweets vowing "no weakness" in the multiple fights he has launched with America's trade partners.

"I know Mr Trump pretty well," Juncker told German public broadcaster ZDF. "I have met him frequently and know how to deal with him." "We are here to explain ourselves and explore ways to avoid a trade war," he said, stressing that the European Union is "not in the dock -- we don't need to defend ourselves."
Juncker also renewed a promise of immediate retaliatory measures should
While Juncker is set to make a last effort to talk Trump out of the auto tariffs, which would hurt Germany's dominant carmakers, he warned that if the US moved ahead, "we are in a position to respond appropriately right away."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 25 2018 | 11:30 PM IST

Next Story