Trump has been criticized by both sides of the aisle for imposing tariffs on China and threatening tariffs against the EU.  Trump himself has maintained that he doesn’t want tariffs or barriers to trade, but is imposing them because other countries have already imposed tariffs on the US.

Today a trade war was avoided with the EU as they capitulated under threat of tariff and have granted the US major trade concessions.  The EU will import more soybeans from the US and lower tariffs on industrial goods in the deal to avoid US tariffs.  The Dow ended up about 172 points after the announcement.

EU avoids trade war by giving US concessions on tariffs