Home » Money

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.


  • Schumer chides Trump for heated rhetoric on Iran

    Schumer chides Trump for heated rhetoric on Iran

    Separately, Iran's parliamentary speaker on Tuesday described Trump's comments as "the words of a troublemaker". However, National Security Advisor John Bolton echoed the president's tough rhetoric in a statement Monday.
    'Tariffs are the greatest!': Trump reissues threat against USA  trading partners

    'Tariffs are the greatest!': Trump reissues threat against USA trading partners

    Trump has threatened to ratchet that up to more than $500 billion, a move that has left financial markets uneasy. He warned U.S. trade partners that he will impose more sanctions unless they negotiate a "fair deal".
    Tour halted after riders are hit by pepper spray

    Tour halted after riders are hit by pepper spray

    Sky are largely unpopular in France as their recent domination of the race revives memories of the rule of Lance Armstrong's U.S. Some reports stated police had used pepper spray, while others said it had been tear gas. "I had lots of bad luck", he said.
  • Authorities search for missing University of Iowa student

    Authorities search for missing University of Iowa student

    Calderwood later had a message for her niece, telling WOI-TV, " We miss you, we're looking for you and we will never stop ". Tibbetts is described as 5-foot-3-inches tall, weighing about 120 lbs., with long brown hair and brown eyes.
    Barcelona confirm Malcom agreement a day after Roma bid accepted

    Barcelona confirm Malcom agreement a day after Roma bid accepted

    Barcelona praised him as a "daring, pacey forward with an ability to shoot from distance" who has "a great future ahead of him". Roma have rekindled their interest in Chelsea linked winger Leon Bailey after losing out on Malcom to Barcelona this summer.
    Coast Guard to raise duck boat that sank in storm killing 17

    Coast Guard to raise duck boat that sank in storm killing 17

    Investigations are underway after a duck boat capsized during a storm in southwestern Missouri last week, leaving 17 people dead. Passengers on the boat were jumping into the water to help people in distress and were throwing life rafts down, said Coleman.
  • United Kingdom  to set out more details of Brexit plans on Tuesday: minister

    United Kingdom to set out more details of Brexit plans on Tuesday: minister

    "I think that many people in the European Union are thinking that they just have to wait long enough and Britain will blink". Raab is expected on Thursday in Brussels for further talks and pledged to strain "every sinew" to get "the best deal".
    Ozil resignation took Germany coach Loew by surprise

    Ozil resignation took Germany coach Loew by surprise

    Not because of some picture, of of political decision. It's time for changes!" "No, absolutely no", he said. The SABC's Ira Spitzer reports from Berlin.
    Nawaz Sharif protecting India's interests, alleges Imran Khan

    Nawaz Sharif protecting India's interests, alleges Imran Khan

    There are 272 directly elected and 70 reserved National Assembly seats up for grabs across the country. Pakistan has four provinces: Sindh, Balochistan, Punjab and Khyber Pakhtunkhwa.
  • Secret Trump-Cohen tape revealed

    Secret Trump-Cohen tape revealed

    The other recordings are of conversations in which Cohen mentions the president to someone else, Giuliani said. Rudy Giuliani told Fox News' Hannity that this payment was reimbursed and that President Trump knew about it.
    Once in a century lunar eclipse

    Once in a century lunar eclipse

    At that time, Earth blocks most of the sunlight that would usually hit the moon, so that much of the moon is in Earth's shadow. While the partial lunar eclipse is expected to end by 3.49 am, and the penumbral eclipse would end by about 4.58 am.
    Trump tells Rouhani to not threaten U.S.  again

    Trump tells Rouhani to not threaten U.S. again

    Trump in June had threatened sanctions on countries that purchased oil from Iran , which the Iranian leader dismissed. Roundly applauded by his audience, Pompeo affirmed support by Washington for protesters in the Islamic republic.


Greek fires kill at least seven near Athens, residents flee homes
Wildfires are not uncommon in Greece, and a relatively dry winter helped create the current tinder-box conditions. By dawn Tuesday, fires were still burning around the capital, while others broke out elsewhere during the night.

5 things we learned from Lewis Hamilton's German Grand Prix victory
Having arrived at Hockenheim eight points behind his rival, he travels to the Hungarian Grand Prix with an advantage of 17 points. You would think that Lewis Hamilton couldn't be much happier right now.

Facebook stock plunges more than 20 percent
Facebook's disappointing second-quarter performance marks the first full quarter since one of its biggest scandals to date. The company is grappling with new data laws in Europe, criticism over its content policies and privacy issues.

'Oh, no!' - Miraculous escape for Gilbert as he crashes over wall
Bales of hay blocked the road 30 kilometers (18.6 miles) into the 218-kilometer stage from Carcassonne to Bagneres-de-Luchon. Police we seen chasing away herds of sheep from the route and also confronting the protesters.

Jose Mourinho Wants Two More Additions this Summer Transfer Window
United finished 19-points behind Guardiola's Manchester City side as they romped to the Premier League title in record-breaking fashion.

Girl, 10, and woman, 18, dead in Toronto shooting rampage
Police have identified the suspect in Sunday night's shooting on a busy Toronto street as Faisal Hussain , 29. Toronto Police Chief Mark Saunders said 15 people in total, including the gunman, were "struck by gunfire".

Iranian President Threatens U.S. With Mother Of All Wars
So the only way he figures that he's going to get reelected - as sure as you're sitting there - is to start a war with Iran. The analyst added that "neither Iran, nor any other country is interested in escalating tensions in the region".

One ‘Oddball’ Among 12 Newfound Moons Discovered Orbiting Jupiter
University of Hawaii's Dave Tholen and Northern Arizona University's Chad Trujillo are also part of the planet search team. A new bumper haul of moons has been discovered by accident around Jupiter, with one of them described as an " oddball ".

Unai Emery wants to revive Mesut Özil’s confidence
The Telegraph has claimed that a whole host of Arsenal first-team players face uncertain futures in the coming weeks. "We are also thinking about the players who were with us previous year and whether we need them to stay with us".

Trump Says Russia Will Help With North Korea Denuclearization
The average annual income of North Koreans was just 5% of that earned by people in the South, the central bank estimated. But since then, Mr Trump has suggested that dismantling North Korea's nuclear arsenal could be some way off.