The two sides have agreed to discuss lowering barriers to transatlantic trade, helping to de-escalate tensions. While positive, the US’s dispute with China still needs watching.US President Trump and EU Commission President Juncker this week struck an unexpected deal to de-escalate the trade dispute between the EU and the US. Importantly, Trump agreed to put his threat of tariffs on EU cars on hold as bilateral trade talks continue, and to re-examine the tariffs recently imposed on steel and aluminium imports from the EU. Both leaders said they would work towards zero trade tariffs between the EU and the US, zero non-tariff barriers and zero subsidies on non-auto goods, as well as lower barriers on trade in services, chemicals, pharmaceuticals, medical products and soya beans. This said,

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