… still have a giant trade surplus with the US this all just shows how out of whack the global trading system is. And so in an effort to rebalance this, We agreed to the Turnberry Agreement last year where the EU acknowledged that in the interest of rebalancing we can have some level of tariff on the EU and they will reduce their tariffs on us. And importantly they will modify many of the regulations which we view as non tariff barriers that are unfair to US companies. (1:11:54–1:12:05)
CLAIM
Asserts that the Turnberry Agreement allows the US to impose tariffs on the EU, and the EU will reduce tariffs on the US.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
