U.S.-EU Talks Struggle, Threatening a New Front in Trade War

• Ten months after President Donald Trump and European Commission President Jean-Claude Juncker agreed on a tariff truce, very little progress has been made in negotiating a trade deal between the U.S. and the European Union.
• Trump has been concentrating on his battle with China, while Europe has plenty of its own issues to deal with.
• In talks in Washington and Paris this month, the two sides again made little progress, leaving the path open for escalation.
• Speaking of the latter, China has put purchases of American soybeans on hold, bringing an end to so-called goodwill purchases, according to people familiar with the matter.

(Source: Bloomberg)