Trump re-election flags may get burned by his tariffs

Nebraska senators react to $12B plan to assist farmers affected by tariffs

After a White House meeting on Wednesday, Trump and Juncker said they agreed to hold sweeping trade talks on reducing tariff, subsidy and non-tariff barrier reductions, with Trump appearing to give ground on his threat to impose a 25 percent tariff on imported cars and auto parts.

"This was a very big day for free and fair trade", Trump said during a hastily scheduled joint appearance in the White House Rose Garden with Juncker, hailing a "new phase" of trade relations with the EU. Mr. Trump imposed a 25-percent tariff on steel and a 10-percent tariff on aluminum imported from the European Union in June, and the EU retaliated with "rebalancing" tariffs on US steel, agriculture and other products soon after.

Trump and Juncker appeared after a White House meeting, with both sides saying progress was made toward resolving some of the trade issues that have soured the relationship between the USA and the European Union since Trump imposed tariffs on European Union exports of steel and aluminum.

"We're starting the negotiation right now, but we know very much where it's going", Trump said after talks with European counterparts.

Juncker, who had been somewhat defiant ahead of the meeting, said afterwards: "I had the intention to make a deal today".

Kenny says the collateral damage of the Trump administration's trade war is real.

The Department of Agriculture will determine the payment to each farmer based on the size of a crop multiplied by a specific subsidy rate.

"We have to work together".

Brussels retaliated against the metal tariffs, imposing punitive duties on more than $3 billion of USA goods, including blue jeans, bourbon and motorcycles, as well as orange juice, rice and corn. With the announcement just occurring Tuesday it will be hard to predict what regions will receive aid but any kind of support can help offset what farmers in Minnesota and Northern Iowa have been facing.

No-deal Brexit risks 'civil unrest', warns Amazon's United Kingdom boss
Britain would find that challenging but in the end we would find a way not just to survive but to thrive economically. Raab said: "Well, I think that's a rather irresponsible thing to be coming from the other side".

Sen. Ben Sasse (R-NE) said Trump's trade war "is cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches".

But with Trump expecting Juncker to come to Washington with a "significant" offer - and Brussels saying that won't happen - the outcome of this meeting is too tricky to call.

Marta Bengoa, professor and head of the economics department at the Colin Powell School at the City College of NY, said the deal was encouraging, but she noted that an accord with Juncker is not the same as accord with the EU's 28 members.

"USDA will not stand by while our hard-working agricultural producers bear the brunt of unfriendly tariffs enacted by foreign nations".

The US also plans to buy crops such as fruits and nuts, distributing them to food banks and other government nutrition programmes.

"Our biggest exposure, our biggest unmitigated exposure, is really steel and aluminum when you look at all of the commodities", GM CEO Mary Barra said Wednesday.

"Well, I think that it's good anytime", Maupin said. His words suggested he was open to something resembling the Transatlantic Trade and Investment Partnership, a proposed U.S. -Europe agreement on which negotiations have stopped.

Representative Terri Sewell says she is concerned about the impact of the trade war, saying "Farmers and ranchers are one of many constituencies who are facing direct losses from Trump's bad trade decisions".

Related News:

  • Prosecutors have at least 12 recordings by Trump lawyer Cohen

    Prosecutors have at least 12 recordings by Trump lawyer Cohen

    Lanny Davis, an attorney for Cohen, posted on Twitter that Trump and his legal team had waived the privilege claim. David Pecker, the chairman of parent company American Media Inc (AMI), is Trump's friend.
    Donald Trump: 'Tariffs are the greatest!'

    Donald Trump: 'Tariffs are the greatest!'

    The U.S.is also in the middle of a trade dispute with China and is threatening to impose new tariffs on the European auto sector. Trump is tweeting that trade partners need to either negotiate a "fair deal, or it gets hit with Tariffs".
    Police accidentally tear gas several Tour de France riders amid farmers' protest

    Police accidentally tear gas several Tour de France riders amid farmers' protest

    CARCASSONNE, France-So the era of Team Sky dominance at the Tour de France has come to this. It was not immediately clear whether protesters or police used the chemicals.
  • Pompeo accuses Iranian Supreme Leader of profiting from $95 billion hedge fund

    Pompeo accuses Iranian Supreme Leader of profiting from $95 billion hedge fund

    But in a split with European allies, Trump said in May that the deal was a disaster and made a decision to leave the pact. Iranian officials have in the past threatened to block the Strait of Hormuz in retaliation for any hostile USA action.
    Abuse mars Geraint Thomas's historic summit victory at Tour de France

    Abuse mars Geraint Thomas's historic summit victory at Tour de France

    Van Avermaet explained: "I was waiting for a reaction from Sky when I went to try and get in the breakaway, but nobody reacted". Cavendish struggled across the finish line atop the summit more than 1 hour, 5 minutes after stage victor Geraint Thomas .
    Trump Accuses China, E.U. of Currency Manipulation

    Trump Accuses China, E.U. of Currency Manipulation

    The company said its USA wholesale business and worldwide distributor business both saw their sales drop in the last quarter. The Fed has raised its benchmark rate for a second time this year and projected two more increases in 2018.
  • SA scores big as it sets the stage for Brics meeting

    SA scores big as it sets the stage for Brics meeting

    South Africa being part of crafting a new direction can only be positive if it is handled correctly by the government. They were speaking at a three-day meeting of BRICS leaders in Johannesburg, South Africa .
    Heat wave set to bake the county

    Heat wave set to bake the county

    Monday at Waco Regional Airport, topping the previous all-time high temperature of 112 degrees set on August 11, 1969. Hot temperatures are especially risky for the young and elderly, who are susceptible to heat-related illnesses.
    At least 1 dead, 13 injured in Toronto shooting

    At least 1 dead, 13 injured in Toronto shooting

    Canada traditionally has relatively low levels of gun violence, particularly compared with its neighbor the United States. The TTC has stated that subway trains are bypassing Chester Station due to police activity at this time.
  • Underground Lake Found On Mars Beneath A Mile of Ice

    Underground Lake Found On Mars Beneath A Mile of Ice

    The footprints are color-coded corresponding to the "power" of the radar signal reflected from features below the surface. However, within a 20 km-wide zone a particularly bright radar reflection underneath the layered deposits is revealed.
    Loris Karius - Liverpool didn't warn me before Alisson signing

    Loris Karius - Liverpool didn't warn me before Alisson signing

    Because we've had these young boys around in the last few years, I think we are little bit better in dealing with that. Liverpool manager Jurgen Klopp says his team's "next step" is to win trophies but he "cannot give guarantees".
    Loris Karius hits back at those abusing him for recent errors

    Loris Karius hits back at those abusing him for recent errors

    Milner nearly doubled the lead in the 56th minute but the midfielder's 25-yard curler narrowly cleared the crossbar. Later, the 19-year-old followed up with a spectacular goal in the 89th minute to put Dortmund one goal ahead.


Most liked

Michael Cohen tape fuels debate about Trump, cash and credibility
The former model said she had an affair with the now-president in 2006 around the time his son Barron was born. AMI had bought them from McDougal for $150,000 (£114,080) but AMI did not publish her story.

Trump House Allies Move to Impeach Rosenstein
Democrats have argued that House Republicans clashes with Rosenstein are little more than a pretext to weaken Muellers efforts. The Justice Department essentially says it's trying to comply, but that these Republicans want a lot, and it takes times.

Winning Mega Millions jackpot ticket sold in California
Two, sold in MA and Texas, included the optional Megaplier (a $1 purchase available in most states) and are worth $3 million each. Someone has become $522 million dollars richer after purchasing the winning Mega Millions ticket in California.

Trump says agreed with EU to work to lower trade barriers
Addressing the China trade relationship, Trump wrote on Twitter, "They are being vicious in what will be their failed attempt". The meeting exceeded what were low expectations in Brussels. "This was a good and constructive meeting".

Guardiola says repeat of record-breaking season 'impossible'
That is the point. "His target is to play as many minutes with us, and the national team is a effect of that", he said. Liverpool believe they need these players and spend this money so I'm not judging what they're doing.

North Korea Appears to Take Apart Missile Launch Area
South Korea has also pushed ahead with its reconciliation with the North since a landmark inter-Korean summit in April. The DMZ was designated as a buffer zone, but the areas to the north and south of it are heavily fortified.

Arab parliamentarians hail Saudi Arabia's role in supporting Palestinians
Saudi Arabia said the adoption of the law would also be a barrier to ending the decades-long Israeli-Palestinian conflict. A large influx of non-Jews could eventually make Jews a minority in their own country, government officials say.

Black Ferns beat France to win women's Rugby World Cup Sevens
Fiji will either meet Australia or New Zealand in the Cup semifinals. Men's action is scheduled to conclude on Sunday (July 22). We want this team to create its own history and legacy.

Demi Lovato hospitalized for overdose
The Confident singer was admitted for a reported heroin overdose, but thanks to quick thinking and Narcan, is apparently stable . An eyewitness that attended Lovato's show tells ET the singer "was in a great mood" and "was her normal enthusiastic Demi-self".

Tesla Turns To Suppliers To Help It Become Profitable
Still, industry analysts said it is unusual for carmakers to request refunds for two previous years, as Tesla has demanded. Tesla shares have fallen sharply after it was revealed the electric carmaker is seeking refunds from some suppliers.

Rapper Tekashi 6ix9ine hospitalized after he was allegedly pistol-whipped, kidnapped, robbed
Three hooded gunmen then jumped out of the auto , before grabbing and pistol-whipping him until he lost consciousness. He wrapped up around 4 AM and as he reached his home, another vehicle pulled up and blocked his driveway.

GST Council reduces tax rates on more than 50 items
Around 90 consumer items, many of them popular with urban middle-class voters, will be impacted by the tax cut. The reality is, this group may find it hard to spare money for sanitary napkins even after the tax exemption.

Latest On Friday Fortnite: Summer Skirmish Looks To Take Over
Fortnite Battle Royale is free and available on PC, Mac, PlayStation 4, Xbox One, iOS, and soon, Android. It seems like the famous Battle Bus might be getting a birthday makeover for the event, too.

North Korean Economy Suffered Sharpest Drop In 2 Decades, South Says
Earlier this month, US Secretary of State Mike Pompeo visited North Korea and held discussions on North Korea's denuclearisation. Delattre said it was important to avoid "any premature signal of a loosening of sanctions that would be a counter-message".

Donald Trump misspoke on Russian Federation
Kim Samoyoa, a research operations manager at a biotech firm in South San Francisco who served as a hospital corpsman in the U.S. But Mr Trump is known for weathering a storm, and even Trump Derangement Syndrome may not be able to bring him down.