Trump suggests no tariffs between US, Europe

Marcus Newton
July 25, 2018

Having already laid the groundwork for a further US$200 billion worth of further tariffs in early July, Trump said last week that he was willing to impose tariffs on all Chinese products imported to the United States, with the total value of good targeted reaching US$500 billion.

Other big spenders new to the tariff game include the American Chemistry Council, Amazon, Exxon and the Alliance of Automobile Manufacturers.

But conservative critics of the White House's approach said on Tuesday that Trump's move to offer rescue funds to farmers suggests the standoff with other countries won't end soon. "They're all coming. They don't want to have those tariffs put on them", Trump told the Veterans of Foreign Wars national convention.

Agriculture officials say the plan will not require congressional approval.

"The president is a tough negotiator, and I am confident that American agriculture will flourish because of trade relationships that are smarter, stronger and better than before", Perdue said in the June op-ed.

Trump declared earlier Tuesday that "Tariffs are the greatest!" and threatened to impose additional penalties on US trading partners as he prepared for negotiations with European officials at the White House.

Farm products have borne the brunt of tariffs imposed by trading partners angered by USA trade actions, and Agriculture Secretary Sonny Perdue said the aid programme will provide relief.

As an example, Washington cherry producers are facing 50 percent tariffs in China, its biggest export market.

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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.

"If tariffs punish farmers, the answer is not welfare for farmers - the answer is remove the tariffs", Paul tweeted.

Using government power to dig economic holes and then fill them up: isn't that what it means to Make America Great Again?

The president is meeting with European officials on Wednesday at the White House.

Mark Martinson, who raises crops and cattle in north-central North Dakota and is president of the U.S. Durum Growers Association, said the $12 billion figure "sounds huge" but there are many farmers in need.

Some of the companies invited to set up their products inside the White House say they were both surprised and honored to have been asked to participate. "The underlying problem is still there".

China, the EU, Canada and Mexico have all filed disputes against the United States in the World Trade Organisation, which could authorise the retaliation if it decides the tariffs imposed by Washington were unjustified of violated global trade rules. He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that previous year totaled $335 billion.

U.S. Rep. Cathy McMorris Rodgers, (R-Wash), wrote several messages on Twitter Tuesday praising the strong economy and a "permanent repeal of the job-crushing medical device tax", but made no mention of Perdue's announced aid package for farmers.

Other reports by MaliBehiribAe

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