Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Sign up for Axios Pro Rata
Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Want a daily digest of the top Nashville news?
Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.
Want a daily digest of the top Columbus news?
Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.
Want a daily digest of the top Dallas news?
Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.
Want a daily digest of the top Austin news?
Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.
Want a daily digest of the top Atlanta news?
Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.
Want a daily digest of the top Philadelphia news?
Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.
Want a daily digest of the top Chicago news?
Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Trump and Juncker in the Oval Office. Photo: Kevin Dietsch, Pool/Getty Images
President Trump and European Commission President Jean-Claude Juncker announced Wednesday that they will open negotiations to, as Trump put it, "work toward zero tariffs, zero non-tariff barriers and zero subsidies," and hold off on any further tariffs unless either side terminates the negotiations.
Why it matters: The trade war appears to be on hold, at least on the European front. However, importantly, Trump said the path toward "zero tariffs" applied to "all non-auto industrial goods." Trump has been mulling auto tariffs that could hit EU countries like Germany hard. Juncker struck an optimistic tone, saying “I had the intention to make a deal today and we made a deal today.”
More details:
- Trump and Juncker also said the EU would begin importing more liquefied natural gas and soybeans from the U.S.
- Trump said the process would be led by an "executive working group" of "very intelligent people on both sides."
- The leaders said the U.S. and EU would work together to reform the WTO and cut down on unfair trade practices.
Smart take, from FT World Trade Editor Shawn Donnan: "This is basically an announcement to resume broad trade negotiations suspended since the Obama administration... TTIP 2.0."
Go deeper: Read the joint U.S.-EU statement.