Wednesday, 26 September, 2018

Trump, EU trade deal averts trade war, tariffs

Trump, EU trade deal averts trade war, tariffs Trump, EU trade deal averts trade war, tariffs
Lindsey Cook | 26 July, 2018, 13:31

"News like this ... offers some positive energy in an otherwise down agricultural market", he said.

While Beijing courted Europe to take its side against the United States on the trade front during high-level meetings earlier this month, Europe continues to share USA concerns about Chinese industrial policies such as its "Made in China 2025" plan to leapfrog into a technological superpower, said Julian Evans-Pritchard, senior China economist at London consultancy Capital Economics.

The financial relief would not authorize any new money and thus not need approval from Congress, the New York Times reported.

Trump is facing calls from his own party to back down on the tariffs, particularly after the administration announced Tuesday that it will grant up to $12 billion in aid to farmers hurt by retaliatory tariffs.

In addition to tariffs, evidence has surfaced that American commodity shipments are being deliberately slowed down through "unusually strict or cumbersome entry procedures", according to a press release from the USDA. 'If tariffs punish farmers, the answer is not welfare for farmers - the answer is remove the tariffs'. That hits demand and brings down prices, cutting into farmers' business.

The EC chief, meanwhile, hailed the trade agreement, which includes reducing tariffs by both parties and easing the bilateral frictions that had arisen in recent months. After $34 billion in tariffs against China went into effect earlier this month, China responded with its own equivalent tariffs soon after, targeting US agricultural products including soy, corn, wheat, pork, poultry and more.

Milk and dairy prices have dropped 10 percent in the last month, Rotz said. Debt-to-income ratios for farmers are at a 34-year high. If you want to scare Beijing into thinking twice about stealing IP, you'll get further faster with a joint U.S. -EU effort than by going it alone.

Senate Democratic Whip Dick Durbin said "the bailouts, tweets, and bragging won't save the lost crop value for our farmers and won't protect their reputations around the world as reliable sellers".

G20 ministers call for greater dialogue on trade tensions
G20 ministers call for greater dialogue on trade tensions

There's no sign of a quick resolution to the trade dispute.

China is set to become the focus of Donald Trump's global crusade for "free and fair trade" after reaching a deal with the EU to suspend new tariffs and expand European imports of United States goods.

Meanwhile, both Washington and Brussels will "hold off on other tariffs" while the talks are under way, Juncker said. The U.S. and European Union will work together to reform the World Trade Organization, Trump said.

Speaking from the Rose Garden at the White House, Mr Trump declared a "new phase in the relationship" between the two trading blocs, calling it a "very big day for free and fair trade".

The Agriculture Department said it would tap an existing program to provide $12 billion in direct payments to farmers and ranchers hurt by foreign retaliation to Trump's tariffs and other assistance, such as the purchase of excess crops.

"It is clear to everyone that President Trump has gotten China's attention like never before", Perdue said.

"Tariffs are the greatest!".

In a Tuesday morning tweet, he called tariffs "the greatest", saying every USA trade partner should either negotiate a "fair deal, or it gets hit with Tariffs". It's as simple as that - and every body's talking! Remember, we are the "piggy bank" that's being robbed.

More news: Facebook (FB): What the Hell Just Happened to the Stock?
More news: Avenatti says Cohen has more Trump tapes
More news: North Korea's provocation level has dimmed, US Commander says

Recommended

Check your tickets: Mega Millions jackpot winning numbers are in Check your tickets: Mega Millions jackpot winning numbers are in The victor can either take the entire $522 million in installments or an immediate lump sum of $308 million. Eight other winners in the July 24 drawing took home at least $1 million each, according to Mega Millions.

BRICS Emerging Economies Meet In Wake Of US Trade War BRICS Emerging Economies Meet In Wake Of US Trade War In the past week, various meetings held by the BRICS forums have been taking place in some parts of the country: youth, unions and civil society.

Singer Demi Lovato hospitalized following apparent overdose Singer Demi Lovato hospitalized following apparent overdose Many are keeping Demi Lovato close to their hearts. "Our thoughts go out to Demi and her family". The terms sat at the top of Twitter's list of trending topics in the hours following the news.

Chicago Cubs deliver signed baseball after fan steals foul ball from child Chicago Cubs deliver signed baseball after fan steals foul ball from child Chicago Cubs' Javier Baez saved the day for one heartbroken youngster after they saw off St Louis Cardinals. "All is well. The man who grabbed the ball on the widely seen video had actually already helped the little boy get a ball earlier.

Barcelona snatch Brazilian Malcom from under Roma's nose Barcelona snatch Brazilian Malcom from under Roma's nose Barcelona have already announced the signing of Malcom even though the player is only going to have his medical today. Malcom , following deals for Arthur Melo and Clement Lenglet, becomes Barca's third signing of the summer.

Media reports say singer Demi Lovato stable after suspected overdose Media reports say singer Demi Lovato stable after suspected overdose Singer Demi Lovato has been hospitalized after suffering an apparent drug overdose, a source close to her family tells CNN. A representative for Lovato released a statement Tuesday evening, saying that she was awake and recovering with family.

Committee Executive: Dominic Raab Has Got It "Absolutely Right" Committee Executive: Dominic Raab Has Got It British Prime Minister Theresa May's Conservative Party is also deeply split over what Brexit policy to support. He told the parliamentary committee: "I think that would be a challenge, but one that I am up for".

President Trump to Iran's Rouhani: Never Ever Threaten the US Again President Trump to Iran's Rouhani: Never Ever Threaten the US Again The U.S. president supported the protests, saying "the people of Iran are finally acting against the brutal and corrupt Iranian regime".

Daily Rain Chances Continue This Week Daily Rain Chances Continue This Week Additional warnings are possible at any time as more showers and downpours ride the tropical rain train up the East Coast. Tuesday , southwest onshore wind will again create breezy conditions throughout the day, especially along the coast.

Sky chief slams Tour haters, calls race's billing into doubt Sky chief slams Tour haters, calls race's billing into doubt Sky's domination for the fourth consecutive year could mean the team's sixth Tour crown from the past seven editions. Froome sits second in the general classification, 1 minute, 39 seconds behind Sky teammate Geraint Thomas .

4-Day Heat Wave Kicks Off In SoCal With Record-Breaking Heat 4-Day Heat Wave Kicks Off In SoCal With Record-Breaking Heat Exertion during a heat wave can lead to severe dehydration, heat cramps, heat exhaustion and heat stroke, county officials warned. Forecasters also stressed that children, pets and seniors should not be left unattended in vehicles under any circumstances.

Give us cash back, Tesla tells suppliers Give us cash back, Tesla tells suppliers Tesla in late June finally hit an important production target for the Model 3, its most accessibly priced electric auto . Musk, Tesla's co-founder and CEO, confirmed on Twitter that Tesla is asking for money from its suppliers.

North Korea said to be dismantling key parts of launch site North Korea said to be dismantling key parts of launch site The US-based monitoring group 38 North analysed images of the Sohae Satellite Launch Station, concluding that two key features are being dismantled.

Rubio on Trump's Russian Federation messaging: "Not a good moment for the administration" Rubio on Trump's Russian Federation  messaging: Robert Menendez, D-N.J., said on "Fox News Sunday" that Trump "seems to want to be chummy" with Putin rather than to defend USA interests.

Trump accuses China, EU of currency manipulation Trump accuses China, EU of currency manipulation Benchmark 10-year USA notes last fell 12/32 in price to yield 2.8894 percent, from 2.847 percent late on Thursday. He said the American Federal Reserve's course of tightening monetary policy "now hurts all that we have done".