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

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

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

Workers make flags for Donald Trump's re-election campaign at Jiahao flag factory on July 24, 2018.

The bailout plan comes just as voters in several farm states are preparing to cast votes in the midterm elections.

Sen. Pat Toomey, R-Pa., said the Agriculture Department was "trying to put a Band-aid on a self-inflicted wound".

The European Central Bank's has a price-stability mandate, and on Friday, declined to comment on a Trump tweet accusing the EU of currency manipulation.

European Commission's spokesperson Margaritis Schinas said on Monday that Juncker did not intend to make particular proposals regarding the mutual trade at the meeting with President Trump. The EU has a huge stake in the USA industry, where European companies produce nearly 3 million cars a year, accounting for over a quarter of production in the United States. Trump wrote on Twitter.

"When you have people snipping at your heels during a negotiation, it will only take longer to make a deal, and the deal will never be as good as it could have been with unity", Trump added.

Trump pushed back against critics of his plan on Wednesday, telling them to "be cool" because "the end result will be worth it!"

Rural and agricultural states supported Trump by wide margins in the 2016 election, and the aid package comes ahead of USA mid-term elections in November.

Texas alone has billions of dollars in exports covered by payback tariffs, with a large chunk of that retaliation coming on critical crops like cotton, grain sorghum and soybeans. The second second program will buy surplus products, including fruit, nuts, and dairy, and distribute them to food pantries and other programs.

More news: Another round of heavy rain and storms

They also agreed to align regulatory standards to allow for medical devices to have better market access in Europe, the report said.

"This is a short-term solution to allow President Trump time to work on long-term trade deals to benefit agriculture and the entire US economy", said Sonny Perdue, the secretary of agriculture, in a statement.

In response, the president has threatened to place additional tariffs on up to $500 billion in products imported from China. He added that trade has to be "reciprocal in nature at a minimum". Bob Corker (R-Tenn.), calling the tariffs "a massive tax increase on American consumers and businesses" and the emergency aid "welfare to farmers".

The relief package is intended as a temporary boost to farmers as the United States and China negotiate over trade issues, officials said. "We were being nice - until now!"

"Ultimately we want to get our revenue from the markets", said Tom Bernhardt, who farms wheat, corn, sunflowers, and soybeans in Linton.

The president's bailout program drew widespread criticism from farm state lawmakers of both parties, including Wisconsin Republican Senator Ron Johnson who said farmers "want trade, not aid". Ideologically, Republicans are proponents of free trade.

U.S. President Donald Trump has secured concessions from the European Union to avoid a trade war, the Wall Street Journal reported on Wednesday, citing an EU official who was in the room during talks between Trump and the EU's Jean-Claude Juncker. They made $151 billion past year, our trade deficit with the European Union. I have an idea for them.

Watne prefers better crop subsidies and other revenue-loss protections in the massive federal farm bill that's being hammered out in a House-Senate conference committee to guard against retaliatory tariffs on US agriculture exports.

Related news