Kasich: Trump using ‘farm welfare’ instead of ending tariffs

EU Ukraine And Russia Continue Negotiations Over Natural Gas Shipments

EU Ukraine And Russia Continue Negotiations Over Natural Gas Shipments

Reporters are awaiting a joint statement in the White House press conference, featuring President Trump and European Commission President Jean-Claude Juncker.

What's the background on the tariffs?

The Commerce Department could recommend new tariffs as early as September after an investigation into whether vehicle imports posed a risk to USA national security.

But at home, Trump is facing increasing criticism as consumers, farmers and businesses take a hit from the retaliation to the raft of USA tariffs on steel, aluminum, and tens of billions of dollars in products from China that he has imposed in recent weeks. This caused the price of sorghum to drop significantly, and forced ships full of sorghum heading to China to change course.

Trump also has been under pressure from farm state lawmakers to back away from imposing tariffs. Farmer organizations including the American Soybean Association have called the impacts of tariffs on agriculture "devastating".

Dow Jones cited the source as saying that Juncker had offered to import more USA soybeans and liquefied natural gas as well as reduce duties on some US goods.

"Both the USA and the European Union drop all Tariffs, Barriers and Subsidies!" he wrote. Trump said on Friday that he would be willing to slap tariffs on every last import from China.

Fiat Chrysler's Marchionne being treated in Zurich's University Hospital
LOUIS CAMILLERI The new Ferrari CEO was already a board member at the luxury sportscar maker before his latest appointment. In his place, Mike Manley - the head of Fiat Chrysler's Jeep and Ram brands - will take over.

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

The $12 billion will reportedly come in the form of direct assistance, a food purchase and distribution program, and a trade promotion program. It has authority to borrow up to $30 billion from the Treasury at any one time to "stabilize, support, and protect farm income and prices".

The Commodity Credit Corporation has broad authority to make loans and direct payments to United States growers when prices for corn, soybeans, wheat and other agricultural goods are low.

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

The president, meanwhile, pushed his $12 billion plan at a speech in Kansas City, Mo., before the Veterans of Foreign Wars, just hours after he assured Americans that his own Republican colleagues were mistaken about tariffs. Ultimately, that will make cars more expensive for US consumers.

"Instead of throwing money at a problem we've helped create, the better option is to take action to make it easier for our farmers - and manufacturers - to sell their goods at fair prices to consumers around the world". "If tariffs punish farmers, the answer is not welfare for farmers - the answer is remove the tariffs".

"This trade war is cutting the legs out from under farmers, and the White House's "plan" is to spend $12 billion on gold crutches", said Sen. But when you have tariffs, they're going to lead to more tariffs, which lead to more tariffs, which lead to more tariffs, which all means less trade, which means Americans lose.

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