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Trump Announces Deal With EU To Reduce Trade Barriers, Tariffs

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Trump Announces Deal With EU To Reduce Trade Barriers, Tariffs
The U.S. and EU agreed to reassess existing steel and aluminum tariffs and suspend further tariffs while negotiations are taking place.
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President Donald Trump and European Commission President Jean-Claude Juncker gave a joint statement on trade and tariffs Wednesday. 

"We agreed today, first of all, to work together towards zero tariffs, zero non-tariff barriers and zero subsides for the non-auto industrial goods," Trump said.

Trump also said the two discussed the EU purchasing more U.S. soybeans and liquid natural gas. He said the goal was to work toward more reciprocal trade partnership. 

“This was a very big day for free and fair trade,” Trump said. 

Juncker said they agreed to reassess existing tariffs on steel and aluminum and suspend further tariffs while negotiations are taking place. 

Additional reporting from Newsy affiliate CNN