Trump, EU's Juncker agree to work towards zero tariffs
Washington, July 26 : US President Donald Trump has said that he has reached a deal with European Commission President Jean-Claude Juncker to work towards eliminating tariffs and barriers on trade, reducing tensions for now in a brewing trade war.
A pan-European Business Confederation on Thursday applauded the trade relations agreement.
The Confederation of European Business, also known as BusinessEurope, is a lobby organization based in Brussels, established in 34 European countries, advocating for Europe's business growth and competitiveness at both the continental and global level.
"Reason has prevailed. The agenda for talks between the EU and the US to de-escalate the current trade conflict is the right one," said BusinessEurope president Pierre Gataz.
On Wednesday, Trump said: "We are starting the negotiation right now, but we know where it is going and proclaiming 'a new phase' in US-EU trade relations."
While Juncker said that both Washington and Brussels will "hold off on other tariffs" while the talks are under way.
In a joint appearance before the press with Juncker, Trump said that the EU will begin importing soybeans from the US Midwest, as well as liquefied natural gas to "diversity" its energy sources, in addition to reducing some industrial tariffs.
The EC chief, meanwhile, hailed the trade agreement, which included reducing tariffs by both parties and easing the bilateral frictions that had arisen in recent months.
Juncker said that he had gone into his Oval Office meeting with Trump with both parties intending to reach an agreement.
He also said that the pact established the "resolution" of the US tariffs on European steel and aluminium that had sparked a trade brouhaha between Brussels and Washington, although neither Trump nor Juncker specified whether these would be immediately annulled.
Minutes later, at a conference at the Centre for Strategic and International Studies, Juncker said that the agreement emphasised the "special" nature of the alliance between the US and the EU going on to stress that trade between the two parties comprises half of all global commerce.
Juncker's visit to Washington aroused great expectations after the exchange of accusations and the imposition of tariffs by Trump on European steel and aluminium, to which Brussels had responded with identical measures on assorted US products, including motorcycles and jeans.
Trump has insisted in recent months on the need for the EU to agree to his demands to facilitate US access to the European market and has threatened to impose tariffs of up to 20 per cent on imports of European automobiles if the bloc did not make concessions to Washington.
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Fan tries to die by suicide over Nikhil Kumaraswamy's bypoll loss
Bengaluru: Channapatna JD(S) candidate Nikhil Kumaraswamy, who lost the byelection to C.P. Yogeshwar of Congress, on Sunday consoled a fan who reportedly attempted to end his life and requested him not to repeat such acts.
Manjunath, fondly called Abhi, had even penned a letter before taking the dangerous step. Nikhil, who called on Manjunath at the latter’s home in Kudloor in Channapatna, expressed shock and sadness over the incident.
Nikhil Kumaraswamy reassured Manjunath, expressing his support during the difficult time. He told him that he was deeply troubled to learn of this incident and emphasised that he would stand by him. Nikhil also promised to offer assistance in any way he could, including helping him secure employment opportunities in the future, as reported by the Deccan Herald.
He also reminded Manjunath of the importance of his children’s well-being, urging him to focus on their future. “Please, look at the faces of your growing children. Even I have a three-year-old son. The children are young, let us take care of their future also. I will arrange some job opportunities for you. I might not be an MLA but this is a challenge. I will get you employed,” he said.
Nikhil told media persons that he is extremely hurt more by Manjunath’s attempt to die than by his loss in the election. “At 7:30 a.m., we got a message that in Valetoopu, Manjunath had consumed poison yesterday. In Channapatna, our workers and leaders have built this party with zeal. Let the admiration be there in your hearts but if it crosses the line, your families get hurt and we get very pained by it,” he was quoted as saying by the publication.
Speaking of his byelection loss, Nikhil reiterated that the JD(S) had got its traditional votes, but that the votes of a particular community went against the party.
“Deve Gowda gave reservation to a community. We tried our last attempt to take that community into confidence. But they conveyed to us that they do not require us. In future, we will take other communities into confidence,” he remarked in a veiled reference to Muslims.
Nikhil lost the election by a margin of 25,413 votes to Congress candidate C.P. Yogeshwar.
