Regarding yesterday’s meeting between Donald Trump and Jean-Claude Juncker, the two leaders agreed to start negotiations immediately to reduce tariffs on goods such as medicines, chemicals and soy and completely eliminate tariffs on industrial products (excluding cars). This purpose is quite vague and sins for lack of detail but at least it demonstrates an intention. However, it is important to note that in May, too, the US and China reached a similar agreement before ending the talks in June. In short, more than an agreement, yesterday was celebrated an intention to reach an agreement. This intention has fragile foundations but may constitute a truce in that it was agreed to suspend the introduction of new tariffs while the negotiations last.