Monday, 22 October, 2018

Trump To Give $12 Billion In Farm Aid To Offset Tariffs

Nebraska senators react to $12B plan to assist farmers affected by tariffs Colorado Farmers React To Presidents Agriculture Aid Amid Tariffs
Lloyd Bates | 26 July, 2018, 19:29

Wang Huiyao, president of the think tank the Centre for China and Globalisation, said Trump was also trying to show to China and other countries that he was determined to carry on with the trade war. Earlier this month, the president imposed 25 percent tariffs on $34 billion of Chinese goods, with similar penalties on an additional $16 billion worth of products expected to go into effect shortly and he's threatened levies on an additional $200 billion of Chinese products in the next month.

Here's what you need to know about today's showdown.

"You think Colorado, in the center of United States, you think trade must not be that important to Colorado".

Tim Cook was reportedly assured that the iPhone wouldn't been among the items to be hit with an import tariff as part of the United States' burgeoning trade war with China. "They can't change costs they have in that product", he said.

Juncker is no pushover.

"Any time there are trade issues, embargoes, that sort of thing, or tariffs, it has been negative for agriculture", Recker said.

Their fourth agreement was to "join forces to protect American and European companies from better and really better than ever...we will therefore work closely together with likeminded partners to reform the WTO and to address unfair trading practices including intellectual property theft, forced technology transfer, industrial subsidy, distortions created by state-owned enterprises, and overcapacity".

TRUMP: Just take the money and keep quiet.

Trump's claims were met with other criticism as well.

Foreign exchange markets were more cautious about seeing the EU-U.S. announcement as a substantial breakthrough, with the euro EUR= down against the dollar and other currencies such as the Japanese yen EURJPY= and the Swiss franc EURCHF=.

What Francesco Molinari said after winning The Open
Spieth walked to the tee with coach Cameron McCormick and asked him, "How about I just send it on No. 1?" "I'm relearning. Rose is No. 3 and almost joined them until he made an 18-foot birdie putt on the last hole to make the cut on the number.

Malcom: Barcelona to sign Bordeaux's Brazilian winger
Barcelona appear to have won the race to sign Malcom from Bordeaux , pipping Roma to his signature at the last minute. The Catalan giants signed Brazilian winger Malcom , who had been closely linked with a move to AS Roma.

Britain To Take In Some Of The 800 Evacuated Overnight From Syria
White Helmets head Raed Saleh said the evacuated workers had arrived in Jordan after being "surrounded in a risky region". It was the first such intervention the country has had in Syria's civil war, now in its eighth year.

"What I want to see the office of the U.S. Trade Representative sitting down with representatives from all our trade partners all over the world with constructive conversation".

And let's not forget Trump's obsession with European military spending.

"Sales have been great ever since 2015", she said.

The equity gains pushed up government bond yields in the US and Europe, with Germany's 10-year yield DE10YT=RR, the benchmark for the euro zone, coming close to a one-month high at 0.42 percent. That would cut US imports of European cars and auto parts in half, the commission forecast.

So what do the two sides want?

"And we are going to be pushing the administration for a long-term solution. This would benefit both sides of the Atlantic". He said his primary focus was on working toward "zero tariffs on industrial goods".

Mr Trump said the European Union had agreed to buy "a lot of soybeans nearly immediately", and increase its imports of liquefied natural gas from the US.

On Tuesday, President Trump announced a $12 billion relief package for farmers to offset their losses brought on by new Chinese tariffs.

The likelihood of the European Union abandoning its various subsidies, which arguably glue the bloc together, is indeed vanishingly small.

"We will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans; soybeans is a big deal". Meanwhile, the uncertainty that Trump has engineered about NAFTA's future has led Mexican millers and grain traders to reduce their reliance on American wheat.

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