The Hill: Last week, President Trump and European Commission President Junker met to discuss resolving trade disputes, possible opportunities for market openings, as well as the World Trade Organization (WTO). Regarding market openings, Trump and Junker named liquified natural gas and soybeans as possibilities for U.S. products.
Excerpt from The Hill:
Learning from past talks, including from the opposition mounted to T-TIP on both sides of the Atlantic, however, the U.S and the EU can focus on what is achievable and still brings significant benefits.
The potential benefits remain substantial. Both sides can lower costs for businesses and provide a greater variety of goods and services, bringing more innovative products at lower prices to the U.S. and EU consumers while preserving high-standard protections.
Given the massive investment on both sides of the Atlantic, even marginal cost reductions and efficiencies are likely to have big impacts in terms of sales and jobs.
Well-crafted agreements can open new opportunities for small and medium enterprises to enter the transatlantic marketplace, which is now weighted toward larger firms.