Juncker to Trump: US, EU are 'close partners, not enemies'

Trump Juncker

The Trump administration is crafting a $12 billion emergency aid package to help farmers affected by tariffs on their crops, the U.S. Department of Agriculture said Tuesday. The USDA also will buy surplus supplies of others including milk, fruit, nuts and rice and distribute them to food banks.

Firstly, the new Market Facilitation Program will provide payments to producers of soybeans, sorghum, corn, wheat, cotton, dairy and hogs, which the USDA says "will help farmers manage disrupted markets, deal with surplus commodities, and expand and develop new markets at home and overseas".

'OK @POTUS - you created this mess with your trade war and now you are going to spend $12 billion to placate the farmers that voted for you, ' California Democratic Rep. Jackie Speier tweeted.

The details and mechanisms as well as the timing remain to be worked out, and the impact may not been seen for some time. He hoped "free, fair and reciprocal trade is in our near future".

"Today's announcement demonstrates that bilateral negotiations are a more effective approach to resolving trade barriers, not increasing tariffs", the alliance said in a statement.

"I think the European Union as a foe what they do to us in trade", he said.

"Obviously the European Union, as represented by @JunckerEU and the United States, as represented by yours truly, love each other!" he wrote. That hits demand and brings down prices, cutting into farmers' business.

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But the senior European official admitted that even lowering or eliminating tariffs on steel, aluminum, cars and agricultural products won't significantly address the more $100 billion trade deficit the USA has with the EU. He had also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that past year totalled $335 billion.

Ultimately, Whiting tells OneNewsNow, it's not just agriculture that is being hit hard by tariffs. Soybean prices were already falling, dropping 19 percent since early May to a 10-year low and corn is down more than 15 percent. "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again".

President Donald Trump is celebrating a USA steel company's decision re-employ hundreds of laid-off workers at a mill outside St. Louis.

Thirty-nine Republicans and 49 Democrats backed a nonbinding resolution this month calling for Congress to have a role when the president imposes trade barriers in the name of national security.

Agriculture Secretary Sonny Perdue said Tuesday the emergency aid package will use existing funding to mitigate the estimated $11 billion impact of "illegal tariffs" other countries have imposed on U.S. agriculture exports.

But Juncker said they had agreed not to impose any new tariffs while talks were taking place. "That, to me, is the much bigger issue here where we're being suppressed or oppressed because of our outspoken political views or criticism of the current president".

In a written submission before Tuesday's hearing, the US Chamber of Commerce expressed its staunch opposition to tariff escalation, saying it would be US businesses and customers who would foot the bill of the "hidden, regressive taxes". "Tariffs are the greatest!". "It's as simple as that - and everybody's talking!"

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