Trump, Italian Prime Minister Talk Trade
President Donald Trump both praised Italian products -- saying he owns some of them -- and complained about the more than $30 billion trade in goods deficit with Italy during a joint press conference with Italian Prime Minister Giuseppe Conte at the White House July 30. Trump said he announced a breakthrough with the president of the European Commission last week, and he said he looks forward to opening new commercial opportunities with Italy "that will reduce our trade deficit substantially and increase our mutual prosperity."
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"We were having a hard time, and then I mentioned tariffs on cars," he said, describing what led to the agreement with the European Union. "I think they're going to treat us very fairly. And we're going to treat them fairly." Conte said the two sides have to work on a EU-U.S. trade deal right away, and said he also believes trade between Europe and the U.S. should be "completely reciprocal." Trump also said the U.S. is winning in its war against unfair trade practices from non-market economies.