Trump says China is targeting U.S. farmers, being ‘vicious’

Trump says China is targeting U.S. farmers, being ‘vicious’

With Juncker by his side, Trump told reporters: "We agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods".

European Commission President Jean-Claude Juncker is due to meet with Trump on Wednesday after the U.S. threatened to impose tariffs on auto imports.

That deal was twofold: to face down Trump by waving a threat of Europe's own, to curb access to the world's biggest market; and to present mostly old and effectively cost-free European Union offers as something Trump could sell to voters ahead of November elections - new talks on lowering European Union tariffs for US industrial goods, outlets for USA gas and soybeans and potential European Union backing in trade rows with China.

"We. will resolve the steel and aluminum tariff issues, and we will resolve retaliatory tariffs", Trump said, but he gave no indication those USA and European Union import fees would be dropped immediately.

"For years, the USA has been losing hundreds of billions of dollars in trade with the European Union, and we just want it to be a level playing field for our farmers, for our manufacturers, for everybody and we also want a big beneficiary, frankly, to be the European Union and we think it can be good for everybody and that's why we are here to discuss", he said, sat alongside Juncker in the White House.

More details to come.

In the photo, the president can be seen sharing a hug and a kiss on the cheek with Jean-Claude Juncker, who now serves as president of the European Commission.

The Commerce Department could recommend new tariffs as early as September after an investigation into whether auto imports posed a risk to USA national security. China alone imported $12.3 billion in soybeans previous year, according to the U.S. Department of Agriculture.

Trump's enthusiasm about Wednesday's trade negotiations are a significant change from remarks he made on Twitter just 24 hours earlier, when declared "tariffs are the greatest".

Made in China Trump re-election flags may get burned by his tariffs
Trump greets EU chief, says US seeks 'level playing field' on trade

The two sides agreed to agree in the near future on the tariff question.

Still, the lack of clarity about the long-term EU-U.S. trading relationship stoked continued concerns in Germany, Europe's largest economy.

Corporate America is caught in the crossfire of President Donald Trump's trade war.

Trump has in recent months engaged in a multifront trade confrontation, imposing steep tariffs on steel, aluminum and tens of billions of dollars in Chinese goods, which sparked swift retaliation against key U.S. farm products like soy and pork. "Only united as Europeans do we have sufficient economic and political weight to effectively represent our interests", he said.

The Agriculture Department announced Tuesday it will provide up to $12 billion emergency aid to the farming industry as President Trump attempts to negotiate new trade agreements. The ad calls out White House trade adviser Peter Navarro's July 19 remarks where he called the impact of tariffs a "rounding error". But others were wary, wondering whether it's realistic to expect Europe to buy more soybeans from the United States, as Juncker signaled, or to become "a massive buyer" of US liquefied natural gas, as Trump declared.

Concerns about Facebook's major earnings miss in an otherwise largely positive USA corporate results season did little to support bonds, which lost value as yields resumed their climb higher.

The danger of further escalation was clear, given Trump's threat to raise tariffs on auto imports and his calling the European Union a "foe" on trade.

He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that a year ago totalled £254 billion.

Critics said Trump's aggressive approach makes it tough for other countries to offer concessions, lest they be seen by their own people as caving in to bullying.




Related Articles

  • Cohen to CNN's Cuomo: I Made Stormy Payment 'on My Own'

    Cohen to CNN's Cuomo: I Made Stormy Payment 'on My Own'

    The recording of Cuomo was among them, the Journal reported , adding Cohen recorded his conversations with multiple reporters. Throughout the interview, Davis painted Cohen as a victim of attacks by Trump, Giuliani and their allies.
    Hundreds of White Helmet volunteers evacuated from Syria

    Hundreds of White Helmet volunteers evacuated from Syria

    But a volunteer in Daraa city, who asked to remain anonymous, said he had chose to stay despite being given the choice to leave. The evacuees are being assisted by the United Nations refugee agency in Jordan, pending worldwide resettlement, they said.
    President Trump: NATO Allies Should 2X Defense Spending Targets

    President Trump: NATO Allies Should 2X Defense Spending Targets

    But the mass demonstrations in London showed well that even London is not a good place for an adventurer like Trump . Trump can further argue that Germany's actions beyond its inadequate defense spending have necessitated this move.
  • Power and Norms Rule Trade War with US, Says China

    Power and Norms Rule Trade War with US, Says China

    President Trump has slapped tariffs on imported steel and aluminum, provoking retaliatory measures by Canada, Mexico and USA allies in the European Union.
    Rescuers retrieve 17 bodies after boat capsizes in a Missouri lake

    Rescuers retrieve 17 bodies after boat capsizes in a Missouri lake

    An off-duty sheriff's deputy who was working security was on the boat at the time of the accident was able to help rescue people. The boat, he told U.S. media, " shouldn't have been in the water " due to the weather. "It is absolutely devastating".
    Palestinians dead in Israeli airstrikes on Gaza Strip

    Palestinians dead in Israeli airstrikes on Gaza Strip

    The Hebrew-language official Israeli TV reported that "it would be different if Hamas responds with shells or rockets". More than 130 Palestinians have been killed by Israeli fire since the protests started on March 30.
  • 6ix9ine's version of his robbery differs considerably from his police report

    6ix9ine's version of his robbery differs considerably from his police report

    Tekashi was treated for his wounds and the doctors reportedly performed a cat scan to check out the severity of his head injury. Kennedy Airport on a warrant for charges out of Texas related to an altercation at a shopping mall in Houston back in January.
    Aquaman Trailer: Watch Jason Momoa Get Wet

    Aquaman Trailer: Watch Jason Momoa Get Wet

    But Jason Momoa's Aquaman seems to be going away from the "failed" formula. "They look like leather trousers , but they're not". However, that criticism is about to change in the form of a 14-year old boy turning into a superhero.
    Putin proposed eastern Ukraine vote to Trump in Helsinki

    Putin proposed eastern Ukraine vote to Trump in Helsinki

    Meanwhile, Secretary of State Mike Pompeo said Trump's goal was to "redirect" two countries "that'd been on a bad path". The White House had earlier said it would consider the proposal, which Mr Trump called a "tremendous" gesture.
  • Pakistan's Imran Khan says India and Pakistan should talk on Kashmir

    Pakistan's Imran Khan says India and Pakistan should talk on Kashmir

    Founded by former Prime Minister Zulfikar Ali Bhutto in 1967, the party gained power just three years after its inception in 1970. The MMA chief said he was going to call an all parties conference to devise a joint strategy against alleged rigging .
    Trump steps up pressure, but Iran says it's 'unimpressed'

    Trump steps up pressure, but Iran says it's 'unimpressed'

    In the case of North Korea, the verbal war cooled quickly and gradually led to the high-profile summit and denuclearization talks. Embassy in Tehran during the 1979-1981 Iran hostage crisis , and more recently advised the Obama administration.
    German GP: Vettel beats Bottas to pole, drama for Hamilton

    German GP: Vettel beats Bottas to pole, drama for Hamilton

    Charles Leclerc led a rain-soaked final practice session at the German Grand Prix ahead of qualifying later Saturday. Bottas is fifth in the standings , 59 points adrift of Hamilton, but his campaign has been blighted by bad luck.