In tentative deal with E.U., Trump touts parts of global trade deals he once rejected
By Jeanne Whalen and Damian Paletta
July 26 at 7:55 PM
President Trump this week embraced components of global trade deals he has rejected in the past, in a preliminary agreement with the European Union, American and European trade experts and diplomats said Thursday.
Speaking to a crowd of steelworkers Thursday in Granite City, Ill., Trump touted a “historic agreement” with the European Union and said his administration’s tough trade strategy is working and making up for unfair trade deals in the past. “This is the time to straighten out the worst trade deals ever made by any country on Earth ever in history,” he said. But the deals the administration has reached fall short of Trump’s broad aim of rebalancing U.S. trade relations with the rest of the world — and in some instances adopt elements of past agreements the president is intent on breaking.
Trump’s agreement this week with the European Union and a renegotiation earlier this year of a trade deal with South Korea bear similarities to deals that were in place or being negotiated before Trump took office, the analysts and diplomats said.
A key piece of the agreement Trump reached with European Commission President Jean-Claude Juncker to ease escalating trade tensions and forestall further tariffs called for both sides to “work together toward zero tariffs” on non-auto industrial goods, such as aircraft engines and turbines.
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https://www.washingtonpost.com/business/economy/in-tentative-deal-with-eu-trump-touts-parts-of-global-trade-deals-he-once-rejected/2018/07/26/92b066e8-910b-11e8-8322-b5482bf5e0f5_story.html
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