Trump officials announce $12 billion bailout plan for farmers

Maribel Wis. He and his wife farm 300 acres of mostly soybean and corn but they also have wheat and alfalfa. Slattery said he while he will benefit from emergency

Trump officials announce $12 billion bailout plan for farmers

German Foreign Minister Heiko Maas said Tuesday Europe won't cave in to Trump's threats. As the dispute escalates, China and other importers have slapped tariffs on incoming shipments of US soybeans, dairy, meat, produce, and liquor.

The Trump administration is offering $12 billion in emergency aid to American farmers who have been hurt by the president's escalating trade war with China and other countries.

Mr. Trump insisted on Wednesday that the domestic political pushback accomplishes nothing but delays and hinders his ability to negotiate a deal.

Juncker said it his "intention to make a deal" that would work towards zero tariffs on industrial goods. In another tweet, Trump claimed that "Negotiations are going really well, be cool".

"This friction that we're having, as long as it results in lowering barriers. that's great, that is hopefully where we can end up with this".

He also and questioned if the government is going to continue to let "our farmers and country get ripped off".

European Trade Commissioner Cecilia Malmstrom, who will accompany Juncker, said last week that the EU was preparing a list of US products to hit if the United States imposed the tariffs.

Kasich says that will only compound tariff damage. Beijing retaliated with tariffs of its own on $34 billion worth of American goods, including soybeans. Canada, Mexico and the European Union have also hit back with tariffs of their own. Trump said. "Hope they do it, we are ready - but they won't!" he added. "They are being vicious in what will be their failed attempt. We were being nice - until now!", he wrote.

Chinese President Xi Jinping said at an worldwide summit in South Africa that the world faces "a choice between cooperation and confrontation", in remarks that criticized escalating USA tariffs on goods from China and other major trading partners. "I look forward to reviewing the details of the President's proposal and continuing to work with the Administration to find permanent solutions that will give confidence and certainty to our farmers as soon as possible".

The Trump administration announced it will provide $12 billion in emergency relief to ease the pain of American farmers slammed by Presi
Trump officials announce $12 billion bailout plan for farmers

While the economic backstops are widely popular in rural states, some anti-spending Republicans and urban Democrats have said they unfairly prop up agribusinesses at taxpayers' expense. Some Republicans are jittery about the potential for political repercussions heading into the November midterm elections. Cory Gardner (R., Colo.), who chairs the Senate Republican campaign arm for the Senate Republicans.

"That means defending ourselves with all legal means when we face unfair practices or have unfair measures aimed at us".

In the past four months, Trump has imposed tariffs against steel and aluminum imports from China, Canada, Mexico, the European Union, Japan, and a range of other countries, and he is threatening to broaden the scope of the tariffs to cars and uranium imports, among other things.

Trump's willingness to buck the advice of his advisors is evidence of an "increasingly defiant...trade strategy", the Post reports.

The Trump administration has threatened new tariffs, and the president is reportedly considering up to a 25 percent tariff on automobile imports - one that could spark more retaliation and affect already hard-hit communities in vehicle manufacturing hubs like Michigan, Ohio and Kentucky.

In an interview with CBS News this month, Trump described the E.U.as a "foe".

"Rather than accepting retaliatory tariffs and seeking to offset them with federal assistance, America's producers believe the administration should look toward solutions that will enable them to export their homegrown goods to critical markets around the globe", he said. "I've never seen any evidence of that". "I don't think this will cover us for a very long time - and it might not even buy me a tank of diesel".

-Siobhan Hughes contributed to this article.

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