Trump: The European Union is our ‘foe’

The EU and Japan’s answer to Trump’s trade policies has been the biggest trade deal struck by Brussels that will eliminate some €1 billion ($1.17 billion) in tariffs for European companies annually and double that amount for Japanese exporters to the 28-member bloc, according to EU officials. Read: China cozies up to EU as trade spat with U.S. escalates

“We are sending a clear message that we stand together against protectionism,” European Council President Donald Tusk said at press conference with Japanese Prime Minister Shinzo Abe and European Commission President Jean-Claude Juncker. The deal eliminates about 99 percent of the tariffs on Japanese goods to the EU, but remaining at around 94 percent for European imports into Japan for now and rising to 99 percent over the years.
Japanese Prime Minister Shinzō Abe and European Commission President Jean-Claude Juncker hold a summit in Tokyo and sign a deal creating an open trade zone between their states.