Trump tells European Union leaders he wants a ‘fair trade deal’

Trump says ‘drop all tariffs’ with European Union — hours after tweeting ‘tariffs are the greatest’

European Commission president Jean-Claude Juncker on Wednesday met Trump in a bid to stop the United States from extending its import tariffs on EU steel and aluminium to cars and auto parts. The two leaders plan to discuss US tariffs on aluminum and steel that Trump imposed in May as well as Trump's threat to extend duties on European auto imports.

"We also will resolve the steel and aluminum tariff issues, and we will resolve retaliatory tariffs".

"We agree today, first of all, to work together toward zero tariffs, zero, non-tariff barriers, and zero subsidies on non-auto industrial goods", Trump, alongside Juncker, told reporters in the White House Rose Garden Wednesday.

"It's encouraging that they're talking about freer trade rather than trade barriers and an escalating tariff war", said Rufus Yerxa, president of the National Foreign Trade Council and a former United States trade official. The two leaders plan to discuss USA tariffs on aluminum and steel and Trump's threat to extend duties to European cars coming into the United States. "The cost will be about $20 billion", - said Malmstrom. The U.S. and European Union will "hold off on other tariffs"' while negotiations proceed, as well as re-examine U.S. steel and aluminum tariffs and retaliatory duties imposed by the EU "in due course", Juncker said.

Trump on Tuesday tweeted that the European Union was coming to negotiate a trade deal.

In 1930, the USA raised tariffs dramatically to protect American industry, encouraging other countries to do the same in a global trade war that made the Great Depression worse.

"He likes tariffs", said William Reinsch, a former US trade official under President Bill Clinton now at the Center for Strategic and International Studies.

He has long complained that the WTO has been unfair to the United States despite the fact the USA has won most of the disputes against China and others. Earlier this year, China's Vice-Premier Liu He met secretly with the president at the White House, then announced, "The two sides reached a consensus, will not fight a trade war, and will stop increasing tariffs on each other", according to the Xinhua state-run news agency.

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.

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House Speaker Paul Ryan Ryan offered Tuesday that he doesn't think "tariffs are the right answer".

Trump has vowed to force worldwide trading partners to bend to his will as he seeks to renegotiate a series of trade deals he has long argued hurt American workers.

"No, now we are talking about more General goods such as agricultural products, equipment, high-tech products and other goods", she said.

Rosenstein has been in the crosshairs of the President and his conservative allies in Congress for a number of reasons, including his role overseeing special counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. election. "Now they have to pay, '" Reinsch said, echoing the president's argument.

"From the standpoint of the United States, we have never done this well, but we're going to do better after we do this deal and other deals that we are now working on". He had also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that previous year totalled $335 billion.

Trump could impose vehicle tariffs on national security grounds once Commerce Secretary Wilbur Ross completes a required investigation.

South Carolina's Greenville News spotlighted tariffs impacting BMW, which assembles some of its automobiles there.

Facing harsh criticism of his tariffs policy, President Donald Trump is offering assistance to US farmers hurt by tariffs. The EU has a huge stake in the USA industry, where European companies produce nearly 3 million cars a year, accounting for over a quarter of production in the United States.

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