Trump tweets tariffs ‘are the greatest’ and threatens additional levies

Trump tweets tariffs ‘are the greatest’ and threatens additional levies

Trump tweets tariffs ‘are the greatest’ and threatens additional levies

In a tweet Tuesday, the president said "countries who have treated us unfairly on trade are all coming to Washington to negotiate". The programme is not meant to extend beyond this year, officials at the agriculture department said.

The Trump administration announced Tuesday that it will grant up to $12 billion in emergency aid to farmers hurt by retaliatory tariffs in the ongoing trade fight with China and other American trading partners.

While promoting the global negations, Mr. Trump praised his hard-line trade strategy, saying slapping tariffs if the treated unfairly is "simple". Officials said the direct payments could help producers of soybeans, which have been hit hard by the Trump tariffs, along with sorghum, corn, wheat, cotton, dairy and farmers raising hogs. America's farmers don't want to be paid to lose - they want to win by feeding the world.

But the taxes also exact a toll on US businesses and consumers, which pay more for imported products.

U.S. President Donald Trump walks up a driveway prior to delivering remarks at a showcase of American-made products at the White House on July 23, 2018.

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After Trump announced plans to impose $50 billion in tariffs on Chinese imports, Beijing retaliated with plans to impose tariffs on a range of agricultural products from the USA including soybeans, grains, meats and dairy products. After Trump hit China with tariffs, they responded with a 179 percent retaliatory tariff on USA sorghum.

Trump has threatened to place tariffs on up to $500 billion in products imported from China, a move that would dramatically ratchet up the stakes in the trade dispute involving the globe's biggest economies. He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that a year ago totaled $335 billion. The rollout of billions of dollars in aid on Tuesday will be the first action Trump has taken to protect farmers from the whiplash they have had to face in recent months. The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to spread to automobile production.

"We're stopping the barriers to other countries". "This is the way it's going to go - make our farmers great again".

The president on Wednesday will meet with European Commission President Jean-Claude Juncker at the White House as the EU hopes to convince him to hold off from raising tariffs on imported cars and avoid a trans-Atlantic trade war.

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