President Trump met with the President of the European Union on Wednesday Jean-Claude Juncker amid rising trade tensions. It is being reported that President Trump has secured some major concessions from the EU to ease the trade tensions and provide a basis for negotiation moving forward.

According to The Wall Street Journal:

The official said European Commission President Jean-Claude Juncker and his top trade official Cecilia Malmström agreed to work with the U.S. administration to lower industrial tariffs on both sides, increase LNG exports and soy beans to Europe, and align regulatory standards to allow for medical devices to have better market access in Europe, the official said.

The announcement comes Trump worked to strengthen trade relations between the United States and Europe. 

This is a major win for Trump and American producers. This story is developing and will be updated as more information becomes available.