More Good News: In his meeting today with the EU head Juncker, Trump has managed to secure concessions to avoid a trade war, including agreeing to import more soybeans and lowering industrial tariffs as well as working more on LNG exports.

From the press conference:

• TRUMP: WE AGREED TO WORK TOGETHER TOWARD ZERO TARIFFS ON INDUSTRIAL GOODS
• TRUMP: EU WILL INCREASE PURCHASES OF U.S. SOYBEANS
• TRUMP: DEAL MADE TO STRENGTHEN STRATEGIC ENERGY COOPERATION
• TRUMP: DEAL FOR CLOSE DIALOGUE ON REDUCING TRADE BUREAUCRACY
• TRUMP SAYS U.S., EU TO WORK TOGETHER TO `REFORM' THE WTO
• TRUMP: WE WON'T GO AGAINST SPIRIT OF DEAL WHILE TALKS ONGOING
• TRUMP: WE'LL RESOLVE STEEL, ALUMINUM TARIFF ISSUES

Juncker repeated pretty much that Trump said:

• JUNCKER: AS LONG AS TALKS ONGOING, WILL RESIST FURTHER TARIFFS

It appears that Europe is no longer part of the resistance.  Further, the soybean agreement will help us in our dispute with China, who is trying to pressure us through refusing to accept our soybeans.  

Just like Trump predicted, there won't be a trade war, but the credible threat of one brings a far better trade deal for the US.

I'm OK with this kind of winning.

Note the following press conference was unscheduled.