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Good morning.



Here’s what you need to know:

A surprise deal on trade

• President Trump welcomed “a new phase in the relationship between the United States and the European Union” on Wednesday, after reaching an agreement to hold off on imposing further tariffs and to work toward dropping existing ones on steel and aluminum.

Mr. Trump made the announcement in the Rose Garden with the president of the European Commission, Jean-Claude Juncker. (Not in attendance: A CNN reporter who was barred for what the White House deemed “inappropriate” questions.)

The U.S. has already imposed billions of dollars in tariffs on European products for what the Trump administration has labeled unfair trade practices, raising costs for American companies and consumers.