Trump to meet EU's Juncker in bid to resolve trade dispute

Trump to meet EU's Juncker in bid to resolve trade dispute

"We were being nice - until now!" After $34 billion in tariffs against China went into effect earlier this month, China responded with its own equivalent tariffs soon after, targeting US agricultural products including soy, corn, wheat, pork, poultry and more.

The president was meeting at the White House later Wednesday with European Commission President Jean-Claude Juncker and other European officials as their trade dispute threatens to spread to automobile production. They made $151 billion a year ago, our trade deficit with the European Union.

President Trump may be in for a star-spangled bungle - if his Chinese-made re-election banners are hit by his punitive tariffs. "This is a temporary measure, hopefully to show China and other countries they can not bully the U.S.to caving in on unfair trade practices".

The visit comes after Trump imposed tariffs on European Union steel and aluminium, prompting a retaliation on USA products, such as whisky and motorcycles. "There's not a farmer in this country that'd rather not have a good crop and a fair price". And on Tuesday, Trump announced plans to impose 10 percent tariffs on an additional $200 billion in Chinese imports by the end of August.

"We just want it to be a level playing field for our farmers, for our manufacturers, for everybody", Trump said, suggesting the European Union could also be a "big beneficiary" of a revised trading agreement.

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

Trump said that the US and Europe would work to "further strengthen" their trade relationship and aim to impose zero tariffs on each other.

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Soybean prices - in the face of trade fears with China - have hovered around historic lows for months, leading Republican lawmakers in red states to raise red flags about the impact these tariffs could have on Trump country.

But the foreign minister of Germany, Europe's biggest economy, said Tuesday that the continent "will not be threatened by President Trump". "You've got to treat everybody the same".

"Our farmers have been in nonstop, saying they want trade, not aid, and now they're being put on welfare", Sen.

The Agriculture Department announced it will provide up to US$12 billion in aid to farmers hurt by trade tariffs. They are not there to offset bad policy.

"We have to think of ourselves", Trump said in Kansas City. "Negotiations are going really well, be cool".

The money comes from the Commodity Credit Corporation, a USDA agency founded in 1933. A food purchase program, in which the government will buy unsold food and distribute it to food banks. Brad Karmen, the USDA's assistant deputy administrator for farm programs, noted that the wheat harvest is already in, so wheat farmers could get payments sooner than other growers. He grows about 25,000 bushels of soybeans a year, so if the price goes down $2, that costs him around $50,000.

Meanwhile, Tarun Arora of India-based importer IG International said he expected the 25% tariff rise on USA apples due to be implemented on August 4 to lead to a dramatic drop in volumes to what has this year become Washington State's number-two market. China said it would retaliate, leaving even more USA farm products at risk.

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