Trump and Juncker set for tough talks on trade

White House readies plan to extend about $12 billion in emergency aid to farmers caught in Trump's escalating trade war

The total bailout is reportedly about $12 billion, and the official announcement - which the network said would likely target dairy, pork and soy products - could come as soon as Tuesday afternoon, hours after the president's tweet. The USDA said in a press release the $12 billion is in line to offset the estimated $11 billion impact of the retaliatory tariffs.

The actions "are a firm statement that other nations can not bully our agricultural producers to force the United States to cave in", Perdue said.

Still, Blake Hurst, a corn and soybean farmer and president of the Missouri Farm Bureau, said that unless the White House's policies change, the US agriculture industry will continue to suffer. "Just be a little patient", he said at a rally Tuesday around the time news of the USDA package broke.

A top US economist is taking aim at Donald Trump's increasing willingness to levy tariffs on the U.S.'s economic allies and enemies, calling the move "doubling down on bad policy". Countries including China, Canada and the European Union have been retaliating on American agricultural products, aiming to hit Trump in his electoral base.

House Speaker Paul Ryan expressed reservations that tariffs were the best approach. Remember, we are the "piggy bank" that's being robbed.

Bob Corker called on the Trump administration to "reverse course and end this incoherent" tariff and said the administration was "offering welfare to farmers to solve a problem they themselves created". China said it would retaliate, leaving even more US farm products at risk.

"I don't think our farmers and ranchers long-term want these programs". A 25 percent tariff on steel and a 10 percent tariff on aluminum were imposed on Canada, Mexico, and the European Union. The other would be a free trade agreement between the US and European Union covering industrial goods, which would amount to a narrower version of the Transatlantic Trade and Investment Partnership pursued by the Obama administration, the European official said.

Sen. Ben Sasse (R-Neb.) was even more scathing in his response to this move. Rural and agricultural states supported Trump by wide margins in the 2016 election. Iowa farmers are the most productive in the world and will always win when they have unrestricted access to markets.

Coats Releases Statement Reaffirming Russia Meddled in 2016 Election
And thus far the only figure in the administration to contradict Mr Trump has been Director of National Intelligence Dan Coats. The party of Donald trump criticized his statement at a press-conference with Vladimir Putin in Helsinki.

US President Donald Trump on Tuesday defended his trade strategy, insisting that imposing tariffs forces other countries to negotiate with Washington.

The size of the direct payments to farmers as a result of trade shortfalls would be unprecedented, said Scott Irwin, an agricultural economist at the University of IL.

Giessel, who grows wheat and corn near the western Kansas community of Larned, said he was "glad they are trying to be doing something, but I don't know when the day is over how much difference it is going to make".

Toomey added: "The administration clobbers farmers with an unnecessary trade war then attempts to assuage them with taxpayer handouts".

President Trump showed off a new campaign hat on Monday-it's green with yellow letters, reminiscent of the John Deere logo, and it reads "Make Our Farmers Great Again", notes Politico.

The White House showcased a number of products made in each of the 50 states during its second annual "Made in America" event on Monday.

Farm products have borne the brunt of tariffs imposed by trading partners angered by United States trade actions, and Agriculture Secretary Sonny Perdue said the aid program will provide relief.

Related News:



Most liked

South Floridians flock to purchase Mega Million jackpot tickets
The odds of winning both jackpots are 1 in 75 quadrillion - that's 15 zeros - according to data scientists at Allstate. If a MI player wins tonight's $433 million jackpot, it would be the largest Mega Millions prize won in the state.

Erdogan says treatment of Germany's Ozil racist and unacceptable
Indian tennis star Sania Mirza took to Twitter on Monday to voice her support for German footballer Mesut Ozil. However, others see Ozil's retirement as no great loss for Germany.

Google owner Alphabet's profits drop after $5bn fine but shares surge
But it's important to remember that simply paying the fine - if Google loses its appeal - doesn't make the problem go away. Factoring out traffic-acquisition costs, revenue totaled $26.2 billion, above the $25.6 billion analysts had expected.

Angry Fan Attempts To Push Chris Froome During Tour De France
The Katusha rider, who finished 31min 32sec behind Thomas, was kept in the race thanks to a repechage. "Who knows? Anything can happen to me".

Trump threatens tariffs on more Chinese imports, United States News & Top Stories
The yuan has been skidding since February, mostly because of slower economic growth in China and rising interest rates in the U.S. The Chinese central bank implemented the sharpest one-day lowering of the trading range for the yuan in two years.

Finally, sanitary napkins to be exempted from GST
Goyal said mandatory registration is required for only those e-commerce operators who are required to collect tax at source. Also idols made of stone, marble, wood, rakhi not embedded with stone, phool jhadu, sal leaves, too have been exempted.

Fakhar Zaman overtakes Kohli, Viv Richards; fastest to 1000 ODI runs
His opening partner Imam-ul-Haq was also in the runs once again, the pair producing their fourth century stand of the series. The 28-year old also became the first Pakistan batsman to score 500-plus runs in a five-match bilateral series.

'Cheap Shot' Trump Criticisms Meant to 'Undermine' Him, Bossert Says
Adam Schiff, the ranking Democrat on the House Intelligence Committee that is investigating Russian involvement in the election. Rubio pointed to congressional efforts on Russian Federation , including a bill from him and Maryland Democratic Sen.

Rouhani says conflict with Iran would be ‘mother of all wars’
Addressing his USA counterpart Donald Trump, Rouhani said: "You declare war and then you speak of wanting to support the Iranian people". 'Don't play with fire, or you will regret, ' he continued.

Chelsea part ways with manager Antonio Conte
During three years with Napoli , Sarri helped the club to two second-placed finishes in Serie A and won the Coach of the Year award in 2017.

LS to take up no-trust motion today
The video features PM Modi doing yoga in his Lok Kalyan Marg road bungalow while people stand in long queues outside ATMs. He then thanked Modi, the BJP and the RSS for making him understand the true meaning of the Congress and being an Indian.

Israel passes controversial 'Jewish nation state' law
The nation-state bill passed in its second and third readings following an hours-long debate in the Knesset, Israel's parliament. Some Arab lawmakers vehemently opposed the move and even tore apart papers after the voting, the Reuters report added.

Crude Oil Recovers, Extends Gains To 3rd Straight Session
ET, after falling almost a dollar to a low of $71.19/Bbl, its weakest since April 17, Reuters reported . Brent futures rose 68 cents/Bbl, or almost 1%, to $72.84/Bbl by 2:25 p.m.

Manchester City 'not disappointed' over losing Jorginho to Chelsea - Guardiola
If they want to come, that's great but if he wants to go to Chelsea , all the best for him. Guardiola is prepared for Hart to "stay here" if no acceptable offer materialises.

Deschamps wins World Cup as player, manager
Most goals scored by a team of DECHEMA, despite the obvious superiority of the East Slavic team. A total of 64 training grounds had been constructed prior to the World Cup championship.