Federal aid for farmers is nothing new, but Trump's bailout is

US President Donald Trump and European Commission chief Jean Claude Juncker seen here after White House talks have moved to defuse trade row

USDA to provide $12bn to US farmers in response to tariffs

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.

While presidents have generally received a printed "daily brief" containing the most important information gathered by the US intelligence agencies over the previous 24 hours, according to the Washington Post, Trump insisted on a lavishly illustrated briefing document - and then he abandoned even that simplified approach, demanding that intelligence officials simply talk to him about the day's intelligence.

French President Emmanuel Macron said he will seek clarifications from the European Commission on elements of the trade agreement its leader, Jean-Claude Juncker, thrashed out with U.S. President Donald Trump this week.

Take soybeans, hailed as a headline victory for the US.

But French President Emmanuel Macron expressed skepticism, saying a good trade negotiation "can only be done on a balanced, reciprocal basis, and in no case under any sort of threat".

Trump is known for disliking lengthy memos and documents which contain too much detail.

Ross said the Trump administration's numbers "do not show that employment is being hurt".

The US administration has already applied high tariffs to European Union steel and aluminium exports, and is embroiled in a trade war with China.

Washington has since threatened tariffs on another $200 billion of Chinese exports, then upped that to $500 billion, prompting Beijing to vow further retaliation.

Under the deal, the United States and the European Union will work together towards zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods.

Trump and Juncker on Wednesday agreed to the beginnings of a deal that would end the previously growing trade tensions between the USA and the EU. During Wednesday's negotiations with European Commission President Jean-Claude Juncker, US President Donald Trump proposed scrapping licenses on liquefied natural gas shipped from the US to Europe. "This is a real vindication of the president's trade policy".

"We agreed today to join forces to protect American and European companies better from unfair global trade practices".

"The idea that imports of steel or aluminium from your closest ally could threaten the national security of this country [as Trump had claimed] - this goes against all logic and against all history", Juncker said.

During the visit Europe pledged to buy billions of exports from the United States for a stay of execution on vehicle tariffs.

Mr Juncker added he had travelled to Washington with "the intention to make a deal today and we made a deal today".

An EU official said there was significant pressure from Trump administration officials to increase EU soybean purchases as part of any trade deal.

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