Made in China: Trump re-election flags may get burned by his tariffs

Trump administration announces $12 billion in emergency aid to farmers SHARE:sharetweetshareemail

Trump administration announces $12 billion in emergency aid to farmers SHARE:sharetweetshareemail

Nearly half of the American public also disagree with the Trump administration's trade policy. "Just be a little patient".

The president, speaking at an event in Kansas City on Tuesday, reaffirmed his support for tariffs and pledged that "farmers will be the biggest beneficiary".

The aid is meant to shield the industry as countries raise taxes on United States products such as soybeans in response to new Trump administration tariffs.

Ohio's Republican governor is blasting President Donald Trump's tariffs and his plan to provide $12 billion in direct payments to farmers and ranchers hurt by foreign retaliation.

Although some farmers - and some Republican lawmakers - insist they'd rather have "trade than aid", Perdue argued the tariffs would create a more fair global trading system, which would eventually benefit farmers in the long term.

Republican Senator Chuck Grassley of Iowa, who's been critical of Trump's moves on trade, said before the announcement that commodity supports aren't a long-term solution and will be costly to taxpayers. Soybean futures for November delivery gained as much as 1.4 per cent to US$8.75 1/4 a bushel on the Chicago Board of Trade, the contract's highest since July 10. The other more feasible offer from the Europeans is a limited free trade agreement between the US and EU on industrial goods including cars, according to the official.

The imposition of punishing tariffs on imported goods has been a favoured tactic by Trump, but it has prompted US partners to retaliate, creating risks for the economy.

The European Union has said it is prepared to discuss lowering tariffs "in all sectors" if the United States drops its punitive levies on aluminium and steel, ahead of a crunch meeting today.

Acknowledging Trump's fixation on the German auto surplus, Juncker, according to a senior European official, will offer two solutions: eliminate tariffs on cars for all trading partners, or create a limited free trade agreement between the US and EU on industrial goods.

Goodlatte, Nunes Call for Carter Page FISA Applications To Be Unredacted
The documents released Saturday include the FBI's October 2016 request to surveil Page and several renewal applications. Trump also continued to tweet Sunday about the document's release, quoting Fox News' Pete Hegseth and Andrew McCarthy.

May says she will lead Brexit talks from now on
Brexit without a trade deal would lead to civil unrest within two weeks, Amazon's top United Kingdom manager said. The Foreign Secretary said "the only person rejoicing" from a no-deal Brexit would be Mr Putin.

Demi Lovato rushed to hospital for heroin overdose
Lovato is slated to wrap the second North American leg of her "Tell Me You Love M" e world tour in Atlantic City Thursday. Earlier this year, she opened up about her struggle with addiction in an interview with TV host Dr Phil.

"We're making tremendous progress", he said.

Politicians Tuesday announced that $12 billion would go back to American farmers as form of tariff relief. That might drive them to move factories overseas because it would be easier to do than pay the import tax or wait for a US firm to start making what is needed. "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again". The Center for Automotive Research says the cost of a vehicle would shoot up $455 to $6,875 (depending on how high the tariff is and the type of car).

Republican Senator Mike Rounds of South Dakota said on Wednesday that farmers in his state have lost millions of dollars in orders.

"Expectations are so low that I believe it is possible", he said. "Scattershot actions which adversely affected our trade relations throughout the world".

Canada, Mexico and China - the main target of Trump's trade offensive - have also hit back with steep duties on USA goods, and have filed complaints against Washington at the World Trade Organization.

During a Monday event at the White House featuring American-made goods, Trump displayed a green hat that read, "Make Our Farmers Great Again". "The farm economy can not take this and we need to get back to work and increase these exports".

"I want to know what we're going to say to the automobile manufacturers and the petrochemical manufacturers and all the other people who are being hurt by tariffs", said Sen. "Hope they do it, we are ready - but they won't!"

Kasich says that will only compound tariff damage. "They should do this by working with Congress to ensure farm bill programs provide enough assistance to farmers when markets collapse".

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