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Agriculture: Juncker told Trump he doesn’t have a mandate to talk farming — with the notable exception of soybeans. That’s important for Trump because prices for American soybeans have recently tanked as a result of China’s tariffs, imposed in response to the U.S. trade war. The EU has zero tariffs for soy in place, and European farmers are now eagerly buying up cheap soy from the Midwest. What could go wrong, other than the Commission canteen having to adapt its menu?

Gas: The EU also has zero tariffs in place for imports of American liquefied natural gas. Juncker promised Trump that the EU would invest in new LNG terminals. In truth, this is also already happening, part of the long-established Juncker Plan and the EU’s strategy to diversify away from dependence on Russia. And while LNG from the U.S. isn’t currently competitive price-wise, the market price of natural gas has gone up recently. But there is one hurdle: American red tape, which prohibits selling to partners without having a trade agreement in place. One EU official told us this was brought up in the meeting.

Medical devices: Wondering why these were mentioned in the joint EU-U.S. statement? Juncker offered to aim for common standards. The fact that no such common standards exist, which acts as a trade barrier, was brought to Trump’s attention during Dutch PM Mark Rutte’s recent visit to Washington (he was accompanied by Philips CEO Frans van Houten).

Bottom line: To get what he wanted, Juncker promised Trump things that have already happened. Expect some noise from France (on agricultural products) and Germany (on gas), and perhaps some murmurings about the fact that Trump didn’t unconditionally surrender, but chalk this one up as a Juncker victory.

(politico.eu brux playbook)

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