Trump follows through on farm trade aid

BIZ-TRADE-CORP-EARNINGS-LA

China-based auto dealers said Mercedes maker Daimler moderately raised prices in the country of its GLE midsize SUV which is produced in Alabama.

Mr. Trump seemed to announce a potential solution Thursday.

U.S. President Donald Trump and European Commission President Jean-Claude Juncker met with reporters at the White House this week to announce they had reached an agreement to work towards zero tariffs, eliminate trade barriers, stop paying subsidies for non-automotive products, and strengthen energy cooperation.

On Thursday, he took another victory lap during a speech to steel workers in IL.

Second, it should take measures to streamline the administration and develop a business environment conducive to the development of the service sector, as well as deepen supply-side structural reform, in order to reduce the taxation and non-taxation burdens of enterprises, and enhance the financial sector's capacity to better serve the real economy.

Trump claimed Thursday he won a majority of women voters in the 2016 election, something he's said before. These three countries together imported $3.7 billion worth of soybeans in 2017, which is minuscule compared to that of China.

Though the president has expressed hostility to global organizations and alliances like the North Atlantic Treaty Organization (NATO), the United Nations and especially to the WTO, he knows he can not rewrite trade norms by himself. Soybean prices alone have fallen almost 20 percent since April when China first announced the 25 percent tariff on U.S. soybeans. Soybean growers expect to be hit especially hard. It is an erroneous accusation that China has been long engaging in unfair trade practices which have benefited itself and shortchanged the United States.

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Heck likened the waiting period for a new China trade deal to a remodeling process. Please consider joining us as a valued member, or if you prefer, make a one-time contribution. "But the thing is, you just don't know", Heck said. While some claim this is what happened in the July 25 meeting, I think the outcome was more like Juncker buying time in hopes of getting Merkel and French President Emmanuel Macron to unify over a common European Union response. But that's because they generally have one meeting and then pause for a month, have another meeting.

If the truce agreed by Europe and the United States holds, the USA will be doing battle mainly with China, rather than the world. China buys roughly 30 percent of all America's soy, and the tariff guarantees Chinese buyers will look to other countries. Trump's willingness to talk rather than force a confrontation with the European Union may, in part, reflect the fact that a substantial segment of the American public does not support his anti-E.U. statements and actions on trade. Farmers are struggling. Net farm income is down nearly 50 percent since 2013.

In addition to the direct payments, USDA also proposed a food purchase and distribution program and a trade promotion program to develop new export markets, but the feasibility and usefulness of these items have yet to be proven.

"But as is often said, the devil is in the details".

The European Commission said the measures could apply "across sectors of the USA economy" accounting for as much as $294bn worth of goods. The only way that won't happen is if Trump leads the USA into a recession, with incomes declining so much that investment and imports plummet.

The U.S. Trade Representative did not respond to requests for the latest information about where negotiations stand. "This is definitely an indication that the administration sees the tariffs playing out through 2018". He said Trump's plan to pour $12 billion into the farm economy - in a year in which the federal government's deficit is expected to approach $1 trillion - was an attempt to paper over a huge political problem for Republicans.

Despite the market optimism in the wake of the pact, much remains to be resolved.

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