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Juncker explained to Trump the EU’s position with color pictures

28 July, 2018, 15:43 | Author: Melinda Barton
  • USDA to provide $12bn to US farmers in response to tariffs

In another tweet, he added how it was "great to be back on track with the European Union".

"A breakthrough has been quickly made that nobody thought possible!", he tweeted on Wednesday.

USA import tariffs of 25 per cent on steel and 10 per cent on aluminium imposed in March will remain in place during the talks, but Mr Juncker added: "It is the first time the Americans agreed to reassess the measure that they have taken in the steel and aluminium sector". Trump's strategy to get them to drop these protectionist barriers is to impose crushing tariffs.

Given Trump's records of backing out of deals and agreements, this might be easily undone. Great for global economy'.

Trump announced a new phase of transatlantic trade so both sides can win and the world can prosper.

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

The EU will also reduce barriers and increase trade of American soybeans. We are relieved that further escalation of the trade conflict was avoided and duties on European cars do not seem to be an issue any more at this point.

Since to some it seems like the USA got more than it gave in this tentative deal, it's a good time to ask: Is Trump winning the trade war he began with Europe?

European Commission President Mr Juncker was accused of signing "the most one-sided deal in history" during his White House visit by ex-Europe minister Bruno Macaes.

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. As part of the deal, the EU has agreed to buy more soybeans and liquid natural gas from the USA, while the States will presumably stop threatening additional tariffs on European automobiles.

Trump could impose the 25% vehicle tariffs on national security grounds once Commerce Secretary Wilbur Ross completes a required investigation, which could come anytime before a deadline by early next year.

West Tennessee farmers react to agricultural tariffs put in place on their products sold to other countries.

GM is only the latest company to blame lower-than-expected profits on either the Trump administration's tariffs or on tariffs that other nations have imposed in response to the Trump administration's tariffs.

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

The Republican president has long complained that the WTO has been unfair to the United States, despite the fact the U.S. has won most of the disputes against China and others.

His state has also been affected by retaliatory tariffs from the European Union on bourbon, and Barr said he didn't feel satisfied by the amount of specificity in Thursday's briefing on whether that would also be resolved soon.



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