‘It worries me’: Farmers on tariff relief

After a meeting at the White House, Trump and European Commission President Jean-Claude Juncker said the talks would also seek to “resolve” United States tariffs on steel and aluminum and Europe’s retaliatory duties – marking a step back from Trump’s signature import protections for American metals producers.

The two sides agreed to expand European imports of USA liquified natural gas and soybeans and lower industrial tariffs on both sides, Mr Trump said.

Juncker said the two sides agreed that as long as they were negotiating on trade, they would hold off on further tariffs, including potential U.S. tariffs on cars and auto parts.

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“We are here to explain and find out how to prevent a trade war”, Juncker said in an interview with German public broadcaster ZDF before the meeting, adding that he’s not overly optimistic. Both sides agreed to work toward the goal of “zero” tariffs and subsidies on non-auto industrial goods and to “resolve” recent tariffs that both sides have imposed. He added that they would try to “resolve” steel and aluminium tariffs he imposed earlier this year and retaliatory duties the European Union levied in response. But Rotz said in Pennsylvania, where corn and soybeans are used for animal feed, the impact has been felt most keenly among fruit and vegetable producers and pork and dairy farmers.

“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. They sealed their meeting when Juncker kissed Trump, pictured in a tweet posted by Trump later Wednesday evening. “Also, they will be buying vast amounts of LNG!” “It will also make trade fairer and more reciprocal”.

But industry groups that represent agriculture, as well as politicians from agricultural states, criticised the relief as a short-term solution to a self-inflicted problem. Juncker, though, said both sides agreed to hold off on future tariffs while the talks were taking place – in an apparent victory for Europe.

Mark Martinson, who raises crops and cattle in north-central North Dakota and is president of the U.S. Durum Growers Association, said the $12 billion figure “sounds huge” but there are many farmers in need. “You wouldn’t think of the European Union, but they’re a foe”. “Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs”. The International Monetary Fund also warned this week that trade tensions could cut global output by some $400 billion by 2020, and that the U.S.is “especially vulnerable” to effects of an international slowdown.

While farmers would rather get their money by selling their products on the free market, the president’s trade agenda has been out of their control, they said.

President Donald Trumpand European Commission president Jean-Claude Juncker emerge from the White House.

But the agreement was vague, the coming negotiations with Europe are sure to be contentious and the United States remains embroiled in major trade disputes with China and other trading partners. “The programs we are announcing today help ensure our nation’s agriculture continues to feed the world and innovate to meet the demand”.