"We're going to make it much easier for them, but they're going to be a massive buyer of LNG, so they'll be able to diversify their energy supply, which they want very much to do".
"Surprisingly and in contrast to my usual behavior, the initiative did not come from me", he said, adding that he was unaware that another photographer was present in the room.
The agreement come amid heightened tensions between the United States and EU.
Meanwhile, Trump has - at least temporarily - backtracked on his own threats of sanctions against European cars, steel and aluminum, which had also stoked unease at home. We paid $1.5 billion in duties on Chinese footwear past year alone. Auto tariffs at that level would add about €10,000 (RM47,600) to the sticker price of a European-built vehicle sold in the United States, according a European Commission assessment obtained by Bloomberg News last month.
Trump says they will "resolve the steel and aluminum tariffs and the retaliatory tariffs". It responded with retaliatory tariffs on United States goods.
"The EU came into the conversation and they were open to the proposals we had made about getting rid of tariffs, non-tariff barriers and subsidies".
Zero tariffs. Wednesday's breakthrough with the European Union shows that, contrary to what his critics allege, Trump is not a protectionist; rather, he is using tariffs as a tool to advance a radical free-trade agenda.
In return, "the European Union is going to start, nearly immediately, to buy a lot of soybeans ... from our farmers", Trump said.
Mnuchin said there were no new developments on the dispute with China, which has been the target of most of Trump's trade policies. Danielson, whose farm is in Cadott, says almost 20 percent of the dairy products and around 50 percent of the soybeans he produces are exported.
Nine major agriculture associations voiced support for President Donald Trump's plan to aid American farmers impacted by retaliatory tariffs.
He said they would submit their report on auto tariffs in August.
The Europeans are going to try to channel his appetite for trade war at China, which might actually be productive in certain ways, unlike the squabbles with American allies.
The leaders pledged to expand European imports of USA liquefied natural gas and soybeans and both vowed to lower industrial tariffs, excluding autos.