Trump: I open up Europe for US farmers

US President Donald Trump took a victory lap over his handshake agreement to avoid a trade war with the European Union, declaring "basically, we opened up Europe" to U.S. exports — even though no new deal is in place.

"We just opened up Europe for you farmers. You're not going to be too angry with Trump, I can tell you," the Hill cited Trump as saying.

Referring to the agreement struck with European Commission President Jean-Claude Juncker, Trump said, "you have just gotten yourself one big market."

Trump agreed to put off auto tariffs on Europe and the two leaders said they would begin broader talks over lowering other trade barriers on industrial products. The Europeans also agreed to import more U.S. soybeans.

The deal was otherwise vague and no tariffs have yet been lifted. The upcoming negotiations between the U.S. and Europe are not guaranteed to produce an agreement that significantly reduces trade barriers.

On July 24, the Department of Agriculture announced a plan to give $12 billion in aid to U.S. farmers hit by retaliatory international tariffs on American produce, grain and meat exports.