American farmers want trade over aid

Posted July 28, 2018

The Trump administration readied a plan Tuesday to send billions in emergency aid to farmers who have been caught in the crossfire of President Donald Trump's trade disputes with China and other US trading partners. The two leaders plan to discuss USA tariffs on aluminum and steel that Trump imposed in May as well as Trump's threat to extend duties on European vehicle imports.

Mr Juncker, after Mr Trump imposed tariffs on steel and aluminium imports, said in March that "this is basically a stupid process, the fact that we have to do this".

Trump's trade wars have seen the USA hit Canada, the European Union and Mexico with tariffs on aluminum and steel - a move that has seen the Great White North fire back with retaliatory tariffs on $16.6-billion of US steel, aluminium and consumer products.

European Commission president Jean-Claude Juncker made a hastily called Rose Garden appearance with Mr Trump after the talks.

In a tweet before leaving the White House on Tuesday, the president said that "Tariffs are the greatest!" and reiterated his argument that current trade policy disadvantages US farmers and manufacturers.

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Donald Trump heard an earful on Tuesday from senators in his own party after his administration pledged to provide up to $12 billion in aid for US farmers to shield them from the effects of trade disputes cultivated by the White House itself.

Mr Trump tweeted that China was specifically targeting U.S. farmers with retaliatory tariffs because "they know I love & respect" them. "It would be around $20 billion", she said. The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to spread to automobile production.

Earlier, Mr Trump accused China of "vicious" tactics on trade. The U.S. and European Union will work together to reform the World Trade Organization, Trump said.

Cramer testified before the U.S. Trade Representative's office during a public hearing Tuesday, where he welcomed "strong defensive actions" against China's "unfair trade practices" that he argued previous administrations have failed to curtail.

He says past leaders allowed the USA trade deficit to balloon and complains: "They surrendered".

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While the USA claims the retaliation was "illegal", the Trump administration has acknowledged it is doing damage to American farmers and announced Tuesday it will provide up to $12 billion in aid to farmers hurt by trade tariffs.

Through a series of aggressive tariff announcements, the president is fomenting a series of spats with China, the European Union, Canada and other trading partners. He said they made improvements on security and the economy, saying the economic reforms are those in which "both of us will win". Trump said farmers "will be the biggest beneficiary", and he urged them to "just be a little patient".

"I understand what he's trying to do", Ryan said of the president, "and the goal he's trying to achieve is a good one: a better deal for Americans, better trade agreements. America's farmers don't want to be paid to lose - they want to win by feeding the world", Sasse said in a statement.

The White House has already imposed a 25% tariff on $34 billion worth of Chinese products and, three weeks ago, threatened an additional round worth $16 billion. "Maybe we can work something out", he said. "I just don't think tariffs are the way to go, and our members are making that pretty clear". A formal proposal would only come after the US Commerce Department completed its investigation into whether auto imports threaten national security. -China trade war - in which each country taxes all the other's imports - would shave 1 percent off the USA economy and wipe out 700,000 jobs in the United States by 2020.

On Thursday, the president will visit Granite City, Illinois, the home of a U.S. Steel Corp. mill that has reopened after he imposed tariffs on steel imports.

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