Speaking from the Centre for Strategic & International Studies in Washington moments after a joint press conference with Donald Trump, the European Union leader warned Brussels will be ready to defend itself from future threats coming from the US.
Farmers said they would rather have Mr. Trump settle the trade disputes with China, Mexico, Canada and the European Union and get free trade flowing again. But, they are expecting us to offset the cost of the (50 percent) tariff.
The move is quite clearly created to prop up a key sector of Trump's support base, as the fallout from his trade war starts to settle. The third program will help farmers find new export markets for their crops. He writes: "Negotiations are going really well, be cool".
The government's action points to administration concern about damage to USA farmers from Trump's trade tariffs and the potential for losing House and Senate seats in the Midwest and elsewhere. The Trump administration said Tuesday it would offer $12 billion in emergency funding for farmers hurt by the trade tiff - though even that plan drew scorn in local media. He's felt the impact of the trade wars directly as milk prices plummeted again this year following a long downward slide.
"The programs we're announcing today are a firm statement that other nations can not bully our agricultural producers to force the United States to cave in", Agriculture Secretary Sonny Perdue said.
The first, named the Market Facilitation Program, will receive the bulk of the funding and provide direct payments for soybeans, corn, wheat, cotton, sorghum, dairy and pork producers.
Some of fruits to be hardest hit by the trade policies are cherries - which are now facing a 50% tariff going into China - and apples, which have been hit by higher tariffs in China and Mexico, with India set to also implement additional duties next month in response to USA duties on steel and aluminium imports.
European Commission's spokesperson Margaritis Schinas said on Monday that Juncker did not intend to make particular proposals regarding the mutual trade at the meeting with President Trump. The program is expected to start taking effect around Labor Day in the USA on September 3.
"We want to diffuse the situation as soon as possible, to de-escalate this before it blows up in our faces, doing harm to the transatlantic relationship, our economies, and the global order", Malmstrom said last week.
"Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with tariffs", he tweeted, likening the U.S. as a "'piggy bank' that's being robbed" through trade imbalances.
It will rely on the Department of Agriculture's authority to stabilize the farm economy by buying excess supply. As for how farmers can apply for assistance, those details are still being worked out.
Sen. Pat Toomey, R-Pa., said the Agriculture Department was "trying to put a Band-aid on a self-inflicted wound". The US trade deficit with China in 2017 came in at $375.6 billion, according to Census Bureau data, though adding that figure to this year's data through May comes out to about $528 billion.
'Tariffs are taxes that punish American consumers and producers, ' Kentucky GOP Sen.
"There is a tendency for a little bit of Trump piling on", he said.