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Trump Announces $12B Bailout For Farmers

26 July, 2018, 17:42 | Author: Kristi Dunn
  • Robert Sakata

The two leaders also said they would work toward "zero" tariffs on industrial goods, according to Mr Trump. He said the US and European Union would "resolve" the steel and aluminum tariffs he imposed earlier this year and the retaliatory tariffs the European Union imposed in response.

"We have to work together". "They sound nice, but they're rough".

Speaking on the results of the meeting with Trump, Juncker explained the symbolism of his gift, a photo of a military cemetery in Luxembourg, to the USA president.

"It's encouraging that they're talking about freer trade rather than trade barriers and an escalating tariff war", said Rufus Yerxa, president of the National Foreign Trade Council and a former USA trade official. "Tariffs are the greatest!"

Trump has insisted in recent months on the need for the EU to agree to his demands to facilitate USA access to the European market and has threatened to impose tariffs of up to 20 per cent on imports of European automobiles if the bloc did not make concessions to Washington.

"We will continue to respond toe-to-toe to provocations", Mr Juncker warned.

"Without strong European answers, there is a danger that only we will make concessions and in response face new unreasonable demands from the United States of America", he said, calling for a comprehensive agreement that followed the guidelines of the World Trade Organisation (WTO).

French Finance Minister Bruno Le Maire said over the weekend: "We refuse to negotiate with a gun to the head".

European Commission's spokesperson Margaritis Schinas said on Monday that Juncker did not intend to make particular proposals regarding the mutual trade at the meeting with President Trump.

Nebraska senators react to $12B plan to assist farmers affected by tariffs

The EU, China, and Canada have hit billions of USA goods with tariffs in response, causing the White House on Tuesday to propose $12 billion in emergency aid to farmers hurt by such retaliatory measures. "We have some tariffs that are retaliatory and that will get resolved as part of what we're doing".

While the European Union agreements to buy more US soybeans and energy were tangible, the bigger result of the meeting may have been the retreat from the threat of a full-scale trade war between the two sides.

It is a clear signal US President Donald Trump is determined to stick with tariffs as his weapon of choice in the conflict. I have an idea for them. "Both the US and the European Union drop all Tariffs, Barriers and Subsidies!" And, the USDA will launch a program to promote trade to new markets.

But more voices even in Mr Trump's own Republican Party are coming out against his confrontational stance. "What they want is less trade war".

"I think everybody sort of changed what they were going to say", said Sen.

And Senator Rand Paul tweeted that "Tariffs are taxes that punish American consumers and producers".

This hour, On Point: farmers, trade wars and tariffs.

'Every time I see a weak politician asking to stop Trade talks or the use of Tariffs to counter unfair Tariffs, I wonder, what can they be thinking?

Jordan takes in Syrian 'White Helmets' evacuated with Israeli help
Some Syrians have opted to be evacuated to northern Idlib province, where the opposition still holds territory. Some 422 volunteers and family members were taken to Jordan via the Israeli-occupied Golan Heights overnight.

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