Ahead of EU Meeting, Trump Rails at Domestic Critics

President Donald Trump and European Commission President Jean Claude Juncker deliver a joint statement on trade in the Rose Garden of the White House Wednesday in Washington D.C

President Donald Trump and European Commission President Jean Claude Juncker deliver a joint statement on trade in the Rose Garden of the White House Wednesday in Washington D.C

The US announced on Tuesday that it will provide as much as $12 billion (€10.26 billion) in emergency relief to ease the pain of American farmers hurt by the retaliatory trade measures taken by Washington's trade partners in response to President Donald Trump's tariffs.

US President Donald Trump hosts European Commission chief Jean-Claude Juncker Wednesday for what is set to be a tense face-to-face, with efforts to resolve a festering trade dispute between the two key economies seemingly deadlocked.

Farmers have been a particular target in the current clash over trade policy as other countries seek to retaliate for US duties on Chinese goods as well as on steel and aluminum imports from the European Union, Canada and Mexico.

The same day that President Donald Trump gushed on Twitter that "tariffs are great", his administration disclosed plans to pay billions in aid to USA farmers getting slammed by tariffs on their goods, a new report said Tuesday.

Meanwhile, Tarun Arora of India-based importer IG International said he expected the 25% tariff rise on USA apples due to be implemented on August 4 to lead to a dramatic drop in volumes to what has this year become Washington State's number-two market.

Mr. Juncker and his team say they are going into the meeting prepared to discuss lowering and restructuring all tariffs for all products.

The Trump administration's decision to deliver $12 billion in aid to farmers hit by a burgeoning trade war was panned Tuesday by Republicans in Congress as not fixing the underlying problem - the White House's own trade policies.

The government's action points to administration concern about damage to U.S. farmers from Trump's trade tariffs and the potential for losing House and Senate seats in the Midwest and elsewhere.

It was the first recognition by the Trump administration that the president's trade dispute is hurting Americans.

Senator Ben Sasse, a Nebraska Republican, said in a statement, "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again".

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Trump did not specifically reference the plan during a speech to veterans in Kansas City, but asked for patience as he attempts to renegotiate trade agreements that he said have hurt American workers.

"We are here to explain ourselves and explore ways to avoid a trade war", he said, stressing that the European Union is "not in the dock - we don't need to defend ourselves".

"It does not make any sense to me as an economist", says Ohio State University professor Ian Sheldon, predicting the action will distort global commodity markets and possibly trigger a dispute filing at the World Trade Organization.

And while Texas Farm Bureau spokesman Gary Joiner said the announcement was "good news for Texas farmers and ranchers", he was quick to add that "this is not the ultimate goal".

President Trump showed off a new campaign hat on Monday-it's green with yellow letters, reminiscent of the John Deere logo, and it reads "Make Our Farmers Great Again", notes Politico.

Agriculture Secretary Sonny Perdue said the government's measures were temporary, and necessary to send "a firm statement that other nations can not bully our agriculture producers to force the United States to cave in", he said in announcing the aid.

Since discussion of a tit-for-tat exchange of tariffs between the U.S. and China became serious in late May, U.S. soy prices have dropped more than $2 per bushel. Ron Johnson (R-Wisc.) echoing sentiments of other GOP lawmakers like Sens.

Trade damage from such retaliation has impacted a host of United States commodities, including field crops like soybeans and sorghum, livestock products like milk and pork, and many fruits, nuts and other specialty crops, it said. Because it's an existing program, congressional approval isn't necessary.

The aid funding may also mean that Trump's trade war will be going on for some time.

"Tariffs are taxes that punish American consumers and producers", Kentucky Republican Senator Rand Paul wrote on Twitter. He noted that countries "that have treated us unfairly on trade for years" are coming to Washington to negotiate.

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