In their Joint Statement of 25 July in Washington D.C., President Juncker and President Trump agreed to strengthen EU-U.S. strategic cooperation with respect to energy. In this context, the European Union would import more liquefied natural gas from the United States to diversify and render its energy supply more secure.
Today the European Commission has published the latest figures on EU imports of soybeans, showing an increase of 283% in imports of soybeans from the U.S., bringing the EU’s total share of imports of U.S. soybeans to 37%, up from 9% one year ago. President Juncker has now put in place a bi-monthly reporting mechanism on the evolution of trade in soybeans from the U.S. to the EU. This is the first concrete follow-up to the EU-U.S. Joint Statement agreed in Washington between Commission President Juncker and U.S. President Trump.
“The result of the meeting between Trump and Juncker allows for a relaxation of the very tense transatlantic relationship but it is still far from normal. We are relieved that further escalation of the trade conflict was avoided and duties on European cars do not seem to be an issue any more at this point. However, as long as the US has not lifted the illegal tariffs on aluminium and steel, the situation remains critical.”