U.S., Europe: A Truce in the U.S.-EU Trade Battle

For now the United States has called off the dogs on trade with the European Union. Despite the cease-fire in the skirmishes between the two, however, the future of their trade relationship remains uncertain. During a joint press conference after a meeting at the White House on July 25, European Commission President Jean-Claude Juncker and U.S. President Donald Trump announced that they had reached an initial "deal," essentially a promise to begin negotiations over various trade issues. But little in the way of clarity on concrete actions was offered....