U.S. President Trump says 'tariffs are the greatest'

Trump administration announces $12 billion in emergency aid to farmers SHARE:sharetweetshareemail

Trump administration announces $12 billion in emergency aid to farmers SHARE:sharetweetshareemail

Mr Trump on Tuesday crowed that it was his tough stance and threats of auto tariffs that brought the European leader to the bargaining table.

He wasn't the only member of Trump's party to vent after the administration pledged to provide up to $12 billion in aid for USA farmers to shield them from the effects of trade disputes cultivated by the White House itself.

President Donald Trump on Wednesday lashed out at China over retaliatory tariffs targeting United States farmers.

Trump is also set to meet Wednesday with European Commission President Jean-Claude Juncker. The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to spread to automobile production. So many, even among union members who would like to see some sort of action from Trump, do not want to see Canada hit with tariffs because they do not think Canada is the problem. "I don't want to lose these markets that we've built".

The U.S. exported 138 billion dollars in agriculture products in 2017, including 21.5 billion dollars of soybeans, the most valuable export.

Agriculture Secretary Sonny Perdue says the plan will help a broad number of farmers deal with the cost of "disruptive markets" as USA trading partners have retaliated for President Donald Trump's tariffs on imported goods.

The plan for providing price supports, which doesn't need congressional approval, was rolled out just two days before Trump is set to travel to Iowa, the top US soybean-producing state. It involves direct payments to farmers, the purchase of excess food and trade promotion programs to help create new export markets. That's according to two people who have been briefed on the plan who spoke on condition of anonymity ahead of a formal announcement.

Details of the plan were not clear.The administration's proposal will rely on commodity support programs as well as the Agriculture Department's authority to stabilize farmers during times of turmoil, according to Politico.

Weather Authority: Severe weather possible Wednesday afternoon and evening
Forecasters said the trend will be for showers to become "less numerous" by the afternoon across eastern MA and Rhode Island. Forecasters said it will be seasonably warm both days "but it will feel even warmer given the high [dewpoints]".

U.S. President Donald Trump takes to the stage to address to the Veterans of Foreign Wars' 119th VFW national convention in Kansas City, Missouri, U.S., July 24, 2018.

If a deal isn't reached, they've got a new list of $20 billion of USA goods to target with tariffs.

Perdue added: "Unfortunately, America's hard-working agricultural producers have been treated unfairly by China's illegal trading practices and have taken a disproportionate hit when it comes illegal retaliatory tariffs".

"This trade war is cutting the legs out from under farmers, and the White House's "plan" is to spend $12 billion on gold crutches", said Sen.

However this morning European Union commissioner Guenther Oettinger said the bloc would be "ready to discuss a reduction and restructuring of all tariffs in all sectors" provided "the existing punitive tariffs" are lifted first. Mr. Trump agreed, adding, "if we could have no tariffs and no barriers and no subsidies, the USA would be extremely pleased".

President Trump tweeted on Tuesday "tariffs are the greatest". but a sizable portion of Americans seem to disagree with him on the matter.

White House economic adviser Larry Kudlow said last week that Mr Juncker could be coming to Washington with a "very important free trade offer", but the commission dismissed that idea.

U.S. President Donald Trump is showing no signs of backing away from using tariffs as a negotiating tool, taking to Twitter early Tuesday morning saying "tariffs are the greatest". Remember that the EU trades as a bloc, so the European Commission takes the lead here-even if the USA has been trying to divide the united European front by appealing directly to German automakers for a deal that might ward off tariffs.

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