Farmers remain critical of tariffs as United States offers billions in aid

26 July, 2018, 13:29 | Author: Natasha Holloway
  • Trump Offers $12 Billion Aid To US Farmers Hit By Tariff War With China

"We met right here at the White House to launch a new phase in the relationship between the United States and the European Union - a phase of close friendship, of strong trade relations", U.S. leader Donald Trump said, unveiling the accord next to European Commission president Jean-Claude Juncker.

On another front, Mr. Trump's administration has hit even its close allies the European Union (EU), Canada and Mexico, with levies on steel and aluminium exports to the United States, prompting retaliation against iconic USA products, including bourbon whiskey and orange juice.

The meeting comes at a critical time for the trade relationship between the European Union and the U.S. After the 10 percent tariff on aluminum and 25 percent on steel, The Washington Post reported that Trump is considering slapping a 25 percent tariff on automobiles, an idea that has drawn fierce criticism from European Union officials - from where many U.S. auto imports originate.

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.

The Trump administration has imposed tariffs on $34 billion in Chinese goods in a dispute over Beijing's high-tech industrial policies and has threatened to eventually target $500 billion.

In a Rose Garden announcement, Trump said the European Union had also agreed to buy US soybeans, a day after he announced a $12 billion bailout package for farmers hit by retaliatory tariffs.

Beijing imposed tariffs on $34 billion worth of U.S. products, including soybeans, earlier this month.

The commission chief even risked saying that Trump had made "a major concession" on tariffs, testing the president's thin skin, the Reuters news agency reported.

"The answer to America First can only be: Europe United", he said.

The lawmakers said they wanted to discuss the Trump administration's recent offer to provide $12 billion in aid for farmers being hit by Trump's tariffs.

Three dead after man shoots 14 people in Toronto
Tory said the night reflected the city's ongoing "gun problem" and said firearms were "too readily available to too many people". Choking back tears, Toronto Councillor Mary Fragedakis said to the city council Monday morning, "This is so heartbreaking".

The Trump administration is preparing a plan to provide billions of dollars in emergency aid to farmers who have been hurt by tariffs.

With congressional elections coming soon, the government action underscored administration concern about damage to USA farmers from Trump's trade tariffs and the potential for losing House and Senate seats in the Midwest and elsewhere. "No weakness!" the president tweeted Wednesday morning.

European Commission President Jean-Claude Juncker agreed that "this was a good and constructive meeting".

Though details are not yet final, the aid package is not expected to breach the $19.1 billion limit the World Trade Organization allows for internal subsidies, according to Brad Karmen, the USDA's assistant deputy administrator for farm programs.

Trump later tweeted that work on documents was "moving along quickly", adding that the meeting with Juncker had "great warmth".

The Trump administration today announced a massive $12 billion in financial assistance to American farmers hit by retaliatory tariffs imposed by trading partners like China, India and the EU.

US President Donald Trump launched a strong verbal attack on Germany on Wednesday (11 July) for its support to the Nord Stream 2 gas pipeline, aimed at bringing more Russian gas to Germany under the Baltic Sea.

In the end, what Trump and Juncker outlined Wednesday sounds more like a handshake deal that could lead to a formal deal-but also might not. "Name calling, insults, those kind of things, we don't react well to them, so we certainly can't expect our trade partners to react well to them either" said Kenny.

Gustavo Oliveira, now an assistant professor of environmental studies at Swarthmore College in Pennsylvania, said the soybean part of the US-EU deal was not surprising, coming on the heels of Washington's announcement of US$12 billion in subsidies for farmers to sustain agricultural prices.

Trump also touted the open markets he hoped to reach for Europeans to import food from the U.S.

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