US President Donald Trump meets with European Commission President Jean-Claude Juncker in the Oval Office of the White House in Washington, DC, on July 25, 2018. / AFP / SAUL LOEB
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Europe expressed relief Thursday after Donald Trump and the European Commission chief agreed to tackle their trade row, although German business called on the U.S. president to scrap import tariffs definitively and rebuild transatlantic trust.With trade deeply tied up in U.S. domestic politics – Trump was elected on promises to protect American industries and workers – this would give Europe at least four months of respite from the transatlantic tensions, crucially pushing past the U.S. midterm elections, said the official, who declined to be identified.German Foreign Minister Heiko Maas said – contrary to Trump's description of the EU earlier this month as a trade "foe" – that Europe and the United States were partners and allies.However, market watchers said that Europe has already been a heavy buyer of U.S. soybeans since prices plunged in June as China has largely stopped buying them in retaliation for trade measures that Trump has targeted at Beijing.
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