Trump administration announces $12 billion 'bailout' for farmers

Robert Sakata

He said, again, that Washington will no longer put up with bad trade deals.

Schweitzer said European companies also faced other non-tariff barriers to doing business in the United States, for instance in winning government contracts, or due to the different regulations in various US states. The largest economic relationship anywhere in the world.

Trump has been critical of the European Union over its $150 billion trade surplus with the U.S. But Europe is only one front in Trump's attacks on trading partners.

In a bid to deescalate the quarrel, Mr Trump said he and Mr Juncker had agreed on Wednesday to "work together toward zero tariffs, zero non-tariff barriers, and zero subsidies" on non-car goods.

Coming up: The US is also considering additional tariffs of more than $200bn on Chinese products, as well as duties on foreign cars and vehicle parts, which represent more than $300bn in annual trade. "Soybeans is a big deal and the European Union is going to start nearly immediately to buy a lot of soybeans...from our farmers in the midwest primarily".

At last month's tumultuous G7 summit, Trump told Juncker he was "a brutal killer", Juncker recounted afterwards, noting that he was unsure whether to take Trump's words as a compliment. In Alabama, our auto manufacturers, small business owners, and everyday consumers will face heavy losses if Trump follows through on his proposed tariffs.

Republican House Speaker Paul Ryan sounded a more supportive note, however, saying that while he would prefer the administration use "better tools" to address unfair trade practices, the confrontation could also produce beneficial results.

Trump then moved to the second portion of the agreement, "strengthening of [America's] strategic cooperation with respect to energy". It also will provide funds to outside organizations to build overseas markets for US food and ag exports. That sentiment was echoed by other agricultural lobbies, including the recently formed Farmers for Free Trade - which is preparing a $2.5 million campaign against the president's tariffs.

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

Trump and Juncker agreed to immediately set up an executive working group comprised of "very intelligent people on both sides" to be their "closest advisers" and carry out the joint agenda.

"All I can say is that the talks are ongoing", Malinowska said in a statement.

Earlier this year Trump introduced a 25pc tariff on steel imports, and 10pc on aluminium.

It said trading nations like New Zealand work best when everyone agrees on the rules of global commerce, and uncertainty caused by trading disputes is the last thing farmers need. He echoed President Trump and efforts to strengthen energy cooperation and importation of LNG.

The increase in tariffs not only impacts the agricultural exports but also farming resources.

Last month, the United States president slapped tariffs on steel and aluminium imports to prompt tit-for-tat measures by Brussels, including tariffs on tobacco, Harley Davidson motorcycles, cranberries and peanut butter.

'I think we're well on our way to resolving a lot of these trade issues, ' he said, calling what was reached between Trump and Juncker a 'real agreement'.

The announcement came after Trump and Juncker spent the early afternoon meeting on issues of trade between the US and European Union.

Related news:

Hot News

isis-killer-beheading-video-story-top The FBI reportedly seized more than 100 Cohen recordings pertaining to Trump
Jul 26, 2018 - 19:26
Cohen says he's already spoken with the Trump Organization's finance chief, Allen Weisselberg, on "how to set the whole thing up". The payment was never made and Mr Giuliani said he didn't know why that was the case and hadn't discussed it with Mr Trump .

isis-killer-beheading-video-story-top USA announces $12 bn in aid to farmers hurt by trade tariffs
Jul 25, 2018 - 23:49
The USDA will purchase food for donation to charity to help fruit, nut, rice, legume, beef, pork, and milk producers. A "trade promotion program" will work to find new markets for US agricultural products.

isis-killer-beheading-video-story-top United States ready to make 'real deal' on Iran nukes
Jul 25, 2018 - 23:30
Zarif's tweet comes less than a day after Trump posted a furious Twitter warning to Iranian President Hassan Rouhani . Prime Minister Benjamin Netanyahu commended Trump's "tough stand" against Iran .

isis-killer-beheading-video-story-top [Leonid Bershidsky] Iran faces consequences of snubbing Trump
Jul 25, 2018 - 23:10
The analyst added that "neither Iran, nor any other country is interested in escalating tensions in the region". On Monday, Iranian Foreign Minister Mohammad Javad Zarif issued the first regime response to Mr.

isis-killer-beheading-video-story-top Gowdy: Trump Advisers Should Weigh Quitting If He Doesn't Heed Russia Intel
Jul 25, 2018 - 22:29
Defense Secretary Jim Mattis said Tuesday there would be no cooperation with the Russian military in Syria - at least for now. Senate Armed Services Committee Chairman John McCain (Republican-Arizona) has called Putin a "tyrant" and "America's enemy".

isis-killer-beheading-video-story-top Russian Foreign Minister Visiting Israel Monday for Syria Talks
Jul 23, 2018 - 23:53
It was Israel's first published operational use of the mid-range missiles, which are jointly manufactured by USA firm Raytheon Co.

isis-killer-beheading-video-story-top Watch the Trailer for the Zachary Levi-Starring 'Shazam!'
Jul 23, 2018 - 23:28
Patty Jenkins , from left, Chris Pine and Gal Gadot took a break from shooting Wonder Woman 1984 to attend the Comic-Con panel. Copyright: © 2018 WARNER BROS . "To have Wonder Woman in that period of time that was us at our most extreme, is wonderful".

isis-killer-beheading-video-story-top Community wants justice for man killed in 'Stand Your Ground' shooting
Jul 23, 2018 - 22:47
And Workman said in 2005 he was "kind of in favor of" the law, but he "can see some pitfalls if you make it too loose". The sheriff's office referred the case to the state attorney's office to determine whether Drejka should be charged.

isis-killer-beheading-video-story-top White Helmets flee to Jordan
Jul 23, 2018 - 21:28
With the regime now reaching the end of its offensive to retake areas of southern Syria, there was an "immediate threat". The rescue marked the first time in the eight-year war that Israel has allowed Syrians to flee through its territory.

isis-killer-beheading-video-story-top Geraint Thomas keeps yellow jersey as Tour de France heads to Pyrenees
Jul 23, 2018 - 19:58
He tried a getaway while going up the Pic de Nore climb at 40 kilometers from the finish but was reeled in on the way down. Jasper Stuyven of Belgium finished third, also six seconds back, and three-time world champion Peter Sagan came fourth.

isis-killer-beheading-video-story-top Resident says life vests not worn on duck boats
Jul 23, 2018 - 18:26
Carolyn Coleman said she and her husband are planning to make a trip to IN for the funeral after the bodies are released. Pattison said the duck boat had life jackets onboard but Missouri law doesn't require people to wear them.

isis-killer-beheading-video-story-top Google to appeal Europe's $5 billion fine
Jul 21, 2018 - 20:41
The Commission could have fined Google as much as 10% of the annual global sales of Alphabet, its parent company , which topped $110 billion in 2017.

isis-killer-beheading-video-story-top Despairing Hamilton out of German GP qualifying
Jul 21, 2018 - 18:40
Lewis Hamilton has agreed a two-year contract extension through to the end of the 2020 Formula One season. He has finished second four times and is fifth overall, 59 points behind Hamilton and 67 adrift of Vettel.

isis-killer-beheading-video-story-top Israel & Hamas agree to ceasefire in Gaza - Hamas spokesman
Jul 21, 2018 - 17:59
Israeli media reported Prime Minister Benjamin Netanyahu received an emergency briefing from the army on the violence. At least four Palestinians have been killed by Israeli fire in a fresh round of attacks on the besieged enclave.

isis-killer-beheading-video-story-top ‘Spider-Man: Into the Spider-Verse’ Teases Spider-Ham, Other Webspinners
Jul 21, 2018 - 17:25
As you can imagine, it's being bundled with the highly anticipated new Marvel's Spider-Man video game that's exclusive to the PS4. Sony really knows how to appeal to gamers, though, because I think they've upped the ante a bit with the Spider-Man look.