USA touts European Union trade truce, attention now turns to China

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Trump and European Union Commission President Jean-Claude Juncker agreed to open talks to tear down trade barriers and address US tariffs on steel imports.

Talks would seek to "resolve" US tariffs on steel and aluminium and Europe's retaliatory duties, a step back from Trump's import protections for USA metal producers. Not only is the European Union negotiating zero tariffs, but also it agreed to immediately buy more American soybeans - which helps Trump in his trade battle with China.

Juncker said, "I had the intention to make a deal today, and we have made a deal today".

While some experts said Europe was going to import more USA soybeans anyway, Trump's deal will ease some concerns about the impact of Beijing's sanctions.

The tweet came on the same day that Trump issued this one, amid news that his administration was starting a $12 billion plan to help US farmers amid trade disputes. "President Juncker made it very clear yesterday that he meant to help us, President Trump on the China problem".

President Donald Trump claimed Thursday he has "opened" European markets for USA agricultural products, touting himself as a champion of skeptical American farmers.

Trump is keeping the promises he made the American people by standing up for USA farmers and workers and engaging in hard negotiations with other world leaders, Conway insisted. In 2017, more than 50 percent of US LNG exports went to three countries -Mexico, South Korea and China.

Agricultural products were excluded from the planned negotiations on a tariffs agreement, she said. "After two dialogue sessions, China ended up facing US$50 billion (RM203 billion) in tariffs with potentially more on the way", says Elms.

He later told reporters that was a "major concession" on Trump's part and that he expected the USA president to follow through on it. His Juncker, meeting, and the EU's agreement to import more natural gas and agricultural products from the U.S., is therefore being portrayed as a victory by his team, evidence that the controversial tactics of this deal-making President have paid off.

Fourth, we will join forces with like-minded partners and address unfair trade practices.

Aaron Putze, the communications director for the Iowa Soybean Association, said the development with the European Union underscores the administration's commitment to making progress on matters of trade, but added, "We remain steadfast in our call for progress to be made to resolve the trade dispute with China". Now, the goal with the European Union is zero tariffs on industrial goods, with the exception of cars. China's middle class is bigger than the entire USA population. However, the deal was contingent "on the understanding that as long as we are negotiating. we will hold off further tariffs, and we will reassess existing tariffs on steel and aluminum".

A White House official told Reuters that Juncker had shown greater flexibility than expected in the talks and that while there was no deadline for an overall deal, Trump retained the power to impose tariffs if progress was not made.

"So trump got it way ... wow ... so he slaps tariffs on them and they come to the table to negotiate ... wow". "The result is a very good one for Europe", stressed a Commission spokesperson on Thursday. A move by Trump to offset farmers' losses with a $12 billion aid package drew criticism with farmers saying they wanted access to markets rather than subsidies.

Agriculture Secretary Sonny Perdue said the impact of lower soy prices and the loss of Chinese buyers would likely cost farmers some $11 billion - an amount that will be covered via direct payments to farmers, government purchases of some products for food assistance programs and trade promotion.