Paras 1-3: happytalk
Paras 4-5: an agreement to start talking about a deal for full trade liberalization in "non-auto industrial goods" (ie, no cars, no ag) + reducing barriers in services, chemicals, pharma & soybeans. AKA "TTIP Very Lite"
Para 7: "launch a dialogue" on standards (like TTIP sought to do, but less binding)
- Ditched a comprehensive EU-US FTA (TTIP)
- Imposed "natsec" tariffs on EU metals, hurting US consumers & eliciting EU retaliation
- Escalated bilateral tensions
- Deescalated tensions; maybe began TTIP-Lite talks; but all tariffs remain