` Trump Wants a New Trade Deal with Europe

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Trump Wants a New Trade Deal with Europe

Jan. 26, 2020
By Costas Vasilopoulos

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From Davos, Switzer­land, where the World Eco­nomic Forum is being held, Pres­i­dent Trump told reporters that his admin­is­tra­tion intends to work on a new trade deal with the Euro­pean Union.

We’re going to start nego­ti­at­ing,” Trump said, look­ing to con­clude the agree­ment before the U.S. pres­i­den­tial elec­tion next Novem­ber.

The pres­i­dent also stated his view of Europe as a dif­fi­cult part­ner to do busi­ness with.

The U.S. has been los­ing $150 bil­lion or more over many years with the Euro­pean Union,” he said. They have trade bar­ri­ers where you can’t trade, they have tar­iffs all over the place. They make it impos­si­ble. They are frankly more dif­fi­cult to do busi­ness with than China.”

Trump said he had met with the pres­i­dent of the Euro­pean Com­mis­sion Ursula von der Leyen to dis­cuss the mat­ter, and he expressed his opti­mism that prepara­tory work­ings of the deal would go ahead quickly.

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A new trade accord could pos­si­bly lead to changes in tar­iffs imposed by the U.S. on imported food prod­ucts from the Union, includ­ing table olives and olive oil.

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