United States and European Union should ‘drop all Tariffs, Barriers and Subsidies’, Trump says

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

President Donald Trump said that the USA and the European Union should drop all tariffs, barriers and subsidies, just hours before the bloc's trade chiefs present him with proposals on Wednesday that go a long way toward that outcome in a make or break meeting at the White House.

Shares of BMW AG, Volkswagen AG, Fiat Chrysler Automobiles NV and Daimler AG jumped on Thursday following a pledge from the two leaders to "hold off on other tariffs" while they negotiate a deal to expand European imports of USA liquefied natural gas and soybeans and lower industrial levies.

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.

'China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S.' Trump wrote.

EU Trade Commissioner Cecilia Malmstrom, who will accompany Mr Juncker, expressed hope for a "de-escalation" of the tensions, but said the EU is drawing up a list of more U.S. products that could be hit with retaliatory duties if the trip fails.

Mr Trump, speaking at an event in Kansas City on Tuesday, reaffirmed his support for tariffs and pledged that "farmers will be the biggest beneficiary".

Hmmm. Read the joint U.S. -EU statement. China said it would retaliate, leaving even more US farm products at risk.

"I think everybody sort of changed what they were going to say", said Sen. "It's a first step".

Old boy Dominic Raab has end-of-term blues
Precise details will not be known until the withdrawal agreement is concluded. Dominic Raab sat with his hands clasped as if in prayer.

"We are price takers they say and not price makers, so here we are in that situation", Lucas Heinen, President of the Kansas Soybean Association said.

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

Federated Farmers said that when large countries battle each other on trade, there is a risk of small countries getting caught in the crossfire. "President Juncker is working to avert new tariffs".

President Donald Trump on Wednesday said he struck a deal with European Union officials to avoid a full-blown trade war, causing stocks to soar.

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

The Alliance of Automobile Manufacturers, a group of major automakers that includes General Motors Co. and Toyota Motor Corp., welcomed the effort to negotiate a solution that will lower trading barriers, rather than increase them. The E.U. subsequently retaliated with tariffs on a number of US goods.

It is a clear signal US President Donald Trump is determined to stick with tariffs as his weapon of choice in the conflict.

While EU officials had threatened immediate retaliation to any auto tariffs, and said they would not negotiate with Washington under duress, they seem to have made a decision to appease the irascible USA leader. "I'm happy that we agreed to this agreement today".

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