European officials have offered concessions to the Trump administration in an attempt to avoid an all-out trade war this week; agreeing to lower tariffs for American-produced goods attempting to enter EU markets.

According to the Wall Street Journal, leading EU delegates agreed to the new terms during high-stakes negotiations with the President Wednesday; lowering industrial taxes and tariffs placed on farm goods.

“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,” writes the WSJ.

More information as it develops.