Trump secures concessions to avoid US-EU trade war

Muriel Colon
July 26, 2018

"That will have huge impacts and there we are already seeing an impact before they've even been introduced".

Trump continues to fight for a level playing field with America's trading partners, accusing them fo charging higher tariffs resulting in unfair trade.

According to USDA, the funding falls in line with the estimated $11 billion impact of retaliatory tariffs on USA agricultural exports.

Riley says at this point it's unclear how much - if any - of the aid will make it to Colorado.

"The aim of this visit is to cool down the situation and prevent an escalation of the trade conflict", European Commission for Trade Cecilia Malmstrom, who will accompany Mr. Juncker at a bilateral meeting at the White House, told Swedish newspaper Dagens Nyheter.

Kenny says he appreciates the gesture as he says it's acknowledgement that the trade policy has hurt farmers, but there needs to be a long-term fix...and soon.

Liu Weidong, a United States affairs expert from the Institute of American Studies at the Chinese Academy of Social Sciences, said that with just 20 days since the start of the tariffs it was too early to tell if they had been effective.

Sen. Bob Corker of Tennessee says, "Instead of offering welfare to farmers" to solve a problem the administration created, it "should reverse course and end this incoherent policy". He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that previous year totalled $335 billion. The National Farmers Union estimates that the tariffs foreign countries have placed on American farm products - in retaliation against Trump's various tariffs - have already cost USA agricultural interests $13 billion. The aid package does not require Congressional approval, but it could be another month before it kicks in.

ILLINOIS FARMER: Mr. President, your trade war with China is killing us. The administration has looked at another $200 billion in possible targets for tariffs. That's according to two people who have been briefed on the plan who spoke on condition of anonymity ahead of a formal announcement.

This comes as President Donald Trump appears at the Veterans of Foreign Wars national convention in Kansas City in the heart of the nation's farm country.

Sasse also discussed the plan in an interview with CBS News Tuesday afternoon, in which he said, "At no point have I heard a farmer or rancher say we want more bailouts". "President Juncker is working to avert new tariffs".

Second, while the US places 2.5-percent tariffs on automobile imports, Germany hits the USA with a tariff that is quadruple that of the 10 percent.

Ryan said he understood Trump's goal - of trying to get a "better deal for Americans" - but he disagreed with the president's strategy.

Senator Rob Portman, an Ohio Republican, said he applauded the move to de-escalate tensions over tariffs.

The red, white and blue banners for U.S. President Donald Trump's second-term campaign are ready to ship, emblazoned with the words "Keep America Great!"

During their Oval Office meeting, Mr. Trump said he expects something "very positive to take place" during their discussions, but was adamant that a "level playing field" is needed for US farmers and manufacturers.

Mr. Trump has threatened tariffs on auto imports and the European Commission is preparing retaliatory tariffs, Reuters reported earlier Wednesday. "It's as simple as that".

Other reports by

Discuss This Article