Score another victory for President Trump.
The U.S. and Europe recently agreed to work through their differences on trade policy, which has long been tilted against working Americans.
Trump and European Commission President Jean-Claude Juncker decided to hold off on any further tariffs while trade negotiations were ongoing. Even better, the two sides agreed to begin discussions on eliminating the existing tariffs that continue to erect barriers to trade across the Atlantic Ocean.
Moreover, Trump and the European leader moved to resolve the recent steel and aluminum tariffs imposed by the Trump administration, in addition to the European Union’s retaliatory tariffs imposed shortly thereafter.
Even that’s not all: On behalf of the EU, Juncker agreed to buy more natural gas and soybeans from the United States. American workers in those industries can now rejoice, knowing that Trump has their back — and Europe will follow suit.
Don’t just take my word for it. Consider the reaction from American and European elected officials, many of whom doubted Trump’s negotiation skills, not to mention his insistence on free and fair trade.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, referred to the U.S.-Europe negotiations as an “important first step.” Sen. Jerry Moran, R-Kan., described them as “helpful in regard to our concerns with China.” Juncker himself, a longtime Trump critic, summed it up best: “This was a good, constructive meeting.”
In a shocking twist, even the left-leaning mainstream media gave Trump credit where credit was due.
One NPR headline read: “Trump Announces Trade Deal With European Commission That Will Lower U.S.-Europe Tension.” Vox’s Alex Ward acknowledged “both leaders seem pleased with the deal,” conceding the trade negotiations “could’ve gone a lot worse.” By Vox’s standards, that’s a ringing endorsement.
There’s a reason for the optimism. The EU’s decision to purchase more American products — from natural gas to soybeans — translates to more jobs, higher wages, and sustained economic growth.
The soybean industry adds tens of thousands of jobs to the U.S. economy, and increased European consumption will support many more. Europe’s concession is a shot in the arms of soybean farmers: hardworking Americans who can thank Trump for another trade win.
America’s victory transcends soybeans.
The EU also agreed to buy more liquefied natural gas from the U.S., supporting 14 LNG infrastructure projects to increase Europe’s capacity by 15 billion cubic meters in the coming years. As LNG exports to Europe are poised to rise nearly 20 percent by 2040, U.S. natural gas producers will launch at least four new LNG export projects in the next two years.
This means jobs, jobs, and more energy jobs. It also spells trouble for Russia, which hopes to be Europe’s top natural gas supplier for decades to come. (So much for Trump’s supposed pro-Russia sympathies.)
The bottom line is this: The “America First” agenda is working.
For weeks, the Trump administration’s imposition of new tariffs to counteract European-erected trade barriers elicited fearmongering of the highest order. “Trade war” rhetoric flooded the news cycle. Career politicians and economic “experts” bemoaned the lost jobs to come. The liberal media warned of an “apocalypse.”
A few weeks later, the picture looks prettier. Trump won again, and the U.S. economy continues to roar. More importantly, European negotiators realize the 45th president will no longer accept unfair trade as the status quo. Trump won’t do business as usual if that business undermines American workers — and the people of Europe clearly know it.
The days of leadership from behind are over. America is winning again.
James E Windsor, Overpasses News Desk
July 31st, 2018