Wednesday, 22 August, 2018

Business groups urge United States not to impose more tariffs on Chinese imports

Trump says ‘drop all tariffs’ with European Union — hours after tweeting ‘tariffs are the greatest’ Trump greets EU chief, says US seeks 'level playing field' on trade
Lloyd Bates | 28 July, 2018, 14:06

On Thursday, the president will visit Granite City, Illinois, the home of a U.S. Steel Corp. mill that has reopened after he imposed tariffs on steel imports. The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the dispute threatens to spread to the lucrative automobile business.

Brussels had already hit back against the metal tariffs, imposing punitive duties on more than $3 billion of US goods, including blue jeans, bourbon and motorcycles, as well as orange juice, rice and corn.

"I had the intention to make a deal today, and we made a deal today", Juncker said.

DBV, an association of German farmers, said it welcomed de-escalation in the trade dispute but did not expect changes in soybean trade.

In a tweet before leaving the White House on Tuesday, the president said that "Tariffs are the greatest!" and reiterated his argument that current trade policy disadvantages US farmers and manufacturers.

"You're not going to be too angry with Trump, I can tell you", the president said at the workforce development event, where he was joined by two Iowa Republicans, Gov. Kim Reynolds and Rep. Rod Blum.

Trump said Wednesday. "Are we just going to continue and let our farmers and country get ripped off?"

Export statistics for May showed a surge of stockpiling of U.S. goods by Chinese importers, particularly crude oil and soybeans, as they raced to buy before Beijing's retaliatory tariffs took effect, driving up costs.

While Washington and Brussels pursue these aims, the leaders agreed "we hold off further tariffs and reasses existing tariffs on steel and aluminum", Juncker said.

The FBI reportedly seized more than 100 Cohen recordings pertaining to Trump
We hear Trump say "pay with cash", we hear Cohen saying "no no no", someone says "check", and the thing suddenly ends. McDougal sold her story for 150,000 dollars to the National Enquirer which refrained from publishing the story.

‘Russia will push hard for a Democrat win’
The White House is also inviting Mr Putin to Washington this fall, for a first visit of a kind since 2005. Instead, GOP leaders are considering new sanctions on Russian Federation .

Police accidentally tear gas several Tour de France riders amid farmers' protest
But the British outfit's bid to win the French race for the sixth time in seven years is not sitting well with some fans. Brailsford admitted the incident is unlikely to get fans on their side.

The Trump administration on Tuesday plans to announce aid for USA farmers to help protect them from the repercussions of trade spats between the United States and China, the European Union and others, a source familiar with the plan told Reuters.

Mr Trump has repeatedly called the European Union - which includes numerous America's oldest and most committed allies - an unfair trading partner and even labelled it a "foe". "We have identified a number of areas on which to work together, work towards zero tariffs on industrial goods".

As with Europe, Trump has accused China of unfair trade practices that hurt US sales and undercut American workers.

Many farmers are critical of President Donald Trump's tariffs and the damage done to commodity prices and markets, but say they are appreciative that he has offered to provide cash to help make up their losses. The two leaders plan to discuss US tariffs on aluminum and steel and Trump's threat to extend duties to European cars coming into the United States.

Trade analysts say the United States has not pursued such aggressive trade policies in decades.

According to Malmstrom, it is not considered that the proposal of the Minister of Finance of the USA Stephen Mnuchin to abandon duties, trade barriers and subsidies should be taken seriously because the United States has laws and subsidies protecting American industry.

However, some European Union diplomats said the Commission was also looking at going for double that amount - to the level Malmstrom is suggesting - at half the duty rate.

The biggest exporter of American-made cars is a German company - BMW, through its plant in Spartanburg, South Carolina.

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