Republicans visiting White House surprised by European Union trade announcement

Republicans visiting White House surprised by European Union trade announcement

Republicans visiting White House surprised by European Union trade announcement

Juncker, after Trump imposed tariffs on steel and aluminum imports, said in March that "this is basically a stupid process, the fact that we have to do this". After $34 billion in tariffs against China went into effect earlier this month, China responded with its own equivalent tariffs soon after, targeting USA agricultural products including soy, corn, wheat, pork, poultry and more.

The threat of a transatlantic trade war between the USA and Europe seems to have diminished following a successful meeting between Donald Trump and European Commission chief Jean-Claude Juncker last night.

Expectations of the announced deal, with reporters summoned to the Rose Garden for an announcement, sent the stock market soaring. The other would be a free trade agreement between the US and European Union covering industrial goods, which would amount to a narrower version of the Transatlantic Trade and Investment Partnership pursued by the Obama administration, the European official said.

"We're still optimistic things are going to turn around and that the president is going to continue negotiating with these other countries and come to some sort of agreement with them that opens the markets back to full, fair and free trade", he said.

Minutes later, at a conference at the Center for Strategic and International Studies, Juncker said that the agreement emphasised the "special" nature of the alliance between the U.S. and the European Union going on to stress that trade between the two parties comprises half of all global commerce.

The deal eases tensions for now stoked by Trump's threat to impose new levies on auto imports.

Though details remain sketchy, it seems too soon to call this a truce in the trade war-more like an agreement to stop further escalations of the conflict, at least for now, in the hopes that a truce can be worked out. And Democratic Senator Heidi Heitkamp, from North Dakota, argued that the sum would be vastly insufficient if the trade war escalates.

Mr Juncker also claimed victory, saying a pledge by the USA to hold off on tariffs against cars built in the European Union was a "major concession". "As long as the steel and aluminum tariffs are ongoing, the European Union will not negotiate on a high-level basis".

Hundreds missing in Laos after collapse of dam under construction
It said the dam was at risk of collapse, and rain and strong winds predicted for the next few days could make the situation worse. He advised that the saddle dam's failure would unleash five billion tonnes of water into the Xe Pian River basin.

Putin meeting only next year, says US National Security Adviser
The White House said last week that Trump had directed Bolton to invite Putin to Washington for a meeting in the fall. In Wednesday's White House statement, Bolton indicated the Mueller probe would be over by January 1.

Trump greets EU's Juncker, saying he hopes for progress on trade
Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News. Trump is leveraging tariffs to negotiate better trade deals with China , Canada, Mexico, and the European Union .

Turning and walking away from the lectern the US President reached his hand out to the President of the European Commission.

Farmers have been a particular target in the current clash over trade policy as other countries seek to retaliate for US duties on Chinese goods as well as on steel and aluminum imports from the European Union, Canada and Mexico.

The US and European Union account for about $1 trillion in transatlantic trade, and tensions spiked leading up to Wednesday's high-stakes talks. "And we are going to be pushing the administration for a long-term solution".

Senator Ben Sasse, a Nebraska Republican, said in a statement: "This trade war is cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches".

The two sides agreed to agree in the near future on the tariff question.

He said the EU had agreed "almost immediately" begin buying more U.S. soybeans and that the European bloc had agreed to increase LNG exports from the U.S. The EU will be a "massive buyer" of LNG, Mr. Trump said.

Administration officials said the aid will ease the pain farmers have felt as America's trading partners slapped tariffs on agricultural exports in response to the Trump administration's tariffs on steel and aluminum.

Recommended News

  • Everton and Watford settle Marco Silva dispute

    Everton and Watford settle Marco Silva dispute

    I will learn more because I am still learning as a player and I aim to develop and grow here. At the time of the approach, Silva said: "I don't want to talk about Everton ".
    Trump, European Union leaders pull back from trade war

    Trump, European Union leaders pull back from trade war

    He notes that countries "that have treated us unfairly on trade for years" are coming to Washington to negotiate. The president is meeting with European officials on Wednesday at the White House .
    There’ll be no winners in global trade war, China’s Xi warns

    There’ll be no winners in global trade war, China’s Xi warns

    Xi said China would take "active measures" to expand imports from Africa's most industrialised economy. He urged the BRICS governments to observe global rules, regardless of their size.
  • Australia is getting a Blood Moon this weekend

    Australia is getting a Blood Moon this weekend

    Totality - the time during which the sun's light is completely blocked - will last for one hour and 43 minutes. South-eastern observers will be able to see the eclipse for somewhat longer than north-western ones.
    Trump's next proposed summit with Putin delayed

    Trump's next proposed summit with Putin delayed

    Senators on both sides of the aisle did praise the White House for announcing it was delaying Mr. Secretary of State Mike Pompeo confirmed Friday this had been part of the presidents' talks.
    CNN obtains secret Trump-Cohen tape

    CNN obtains secret Trump-Cohen tape

    On Saturday, Trump tweeted that it was "inconceivable that a lawyer would tape a client - totally unheard of & perhaps illegal". It did, however, give the president a break from news about the Helsinki summit with Vladimir Putin.
  • Oil Prices Rise as US Oil Reserves Fall

    Oil Prices Rise as US Oil Reserves Fall

    Today $68.25 is a very crucial trading level and crude oil can stay bullish above this level to target $69.45 and $70.25. Brent for September settlement advanced 31 cents to $73.75 a barrel on the London-based ICE Futures Europe exchange.
    Cohen's Attorney Releases Tape Of Cohen-Trump Chat About Karen McDougal

    Cohen's Attorney Releases Tape Of Cohen-Trump Chat About Karen McDougal

    Cohen said at the time "In a private transaction in 2016, I used my own personal funds to facilitate a payment of $130,000 to Ms. At the time, a Trump spokeswoman said his campaign had "no knowledge of any of this".
    New Cohen tape surfaces a bigger Trump fish

    New Cohen tape surfaces a bigger Trump fish

    The Enquirer had already purchased McDougal's account of her affair with Trump earlier in 2016 and then never published it. Trump and Cohen appear to be discussing a second payment to McDougal (and there is no indication that it was ever made).
  • McManaman reveals clubs that'll finish top four next season, snubs Chelsea

    McManaman reveals clubs that'll finish top four next season, snubs Chelsea

    Pep Guardiola lavished praise on Manchester City despite their 2-1 International Champions Cup loss to Liverpool on Wednesday. United's captain was injured early on in Sunday's 0-0 draw with San Jose Earthquakes on their pre-season tour of the USA.
    Made in China: Trump re-election flags may get burned by his tariffs

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

    Nearly half of the American public also disagree with the Trump administration's trade policy. "Just be a little patient". Politicians Tuesday announced that $12 billion would go back to American farmers as form of tariff relief.
    Ivanka Trump Celebrates Karlie Kloss' Engagement By Calling Her 'Sister'

    Ivanka Trump Celebrates Karlie Kloss' Engagement By Calling Her 'Sister'

    The model and her longtime boyfriend, Joshua Kushner , announced their engagement on Tuesday in separate social media posts. According to People , they have been photographed together only once, at the 2016 U.S.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.