"We agreed today to work together towards zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods".
"I know that Trump's tariffs targeting China will have some effect, but we're not anxious at all, since we're producing foreign flags every single day", she said. China said it would retaliate, leaving even more USA farm products at risk.
Trump, who recently called the European Union "a foe" when it comes to trade, floated the notion that the two sides should drop all tariffs, subsidies and other devices that affect the price of goods flowing from one side of the Atlantic to the other.
Trump and Juncker agreed to immediately set up an executive working group comprised of "very intelligent people on both sides" to be their "closest advisers" and carry out the joint agenda.
Trump has threatened to impose 25 percent tariffs on auto imports, a move that would hit European carmakers like BMW and Volkswagen VOWG_p.DE hard, as well as Japanese and South Korean vehicle companies. "It means that they are competitive", Mr. Trump told Glor. "I'm happy that we agreed to this agreement today". "To run this program, we need producers to harvest their crops", said USDA farm program official Brad Karmen, because payments will be based on this year's crops.
While the United States president can claim his aggressive approach is working, consumers, farmers and businesses are feeling the pain from the retaliatory measures imposed to counter the raft of U.S. tariffs on steel, aluminum, and tens of billions of dollars in products from China put in place in recent weeks.
At the very least, the show of comity between the European Union and USA governments should calm markets and perhaps reassure other sectors of the economy that are under the gun as a result of more tariffs planned by the administration.
The Trump administration announced it would provide $12 billion in aid to farmers affected by the recent trade tariffs.
The United States earlier this month imposed 25% tariffs on $34 billion worth of Chinese products, drawing a tit-for-tat response from Beijing, which targeted politically sensitive USA agricultural products.
"I think it's a sign that our government caused this by these tariffs, and it's a sign they're trying to help us because they know they're the ones that imposed these and they caused this market to go down", Mensink said.
Canada, Mexico and China - the main target of Mr Trump's trade offensive - also have hit back with steep duties on USA goods, and have filed complaints against Washington at the World Trade Organisation.
White House economic adviser Larry Kudlow said last week that Mr Juncker could be coming to Washington with a "very important free trade offer", but the commission dismissed that idea. Lost $817 Billion on Trade past year. "This will lead to great prosperity in the United States and European Union".
U.S. import tariffs of 25% on steel and 10% on aluminium, implemented in March, will remain in place during the talks.