Germany’s Spox: EU’s Juncker and Trump to discuss proposal to de-escalate trade conflict on Wednesday

Dhwani Mehta FXStreet

A German Economy Spokeswomen is on the wires now, via Reuters, noting that the European Commission (EU) President Jean-Claude Juncker and the US President Trump will discuss the proposal to de-escalate trade conflict when they meeting on Wednesday.

She added, ‘We want to avoid a spiral on tariff increases‘.

Germany’s Chancellor Merkel said at her annual summer press conference last Friday, “he (Juncker) will be making suggestions there about how we can enter into a discussion process to avoid this.”

Juncker will “present possibilities for discussion” to the US president, Merkel noted.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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