China being vicious on trade, says Trump

China being vicious on trade, says Trump

China being vicious on trade, says Trump

"The key watch points will be the central bank's interpretation of external risks and an improving inflation outlook, along with any commentary on the future reinvestment policy within its asset purchase program", Morgan Stanley strategists said.

"As a farmer, you know we're appreciative of the help that the administration has offered, but ultimately what we're after is free trade", Meadows said.

Officials say the plan does not require congressional approval.

"We had a big day, very big", Trump said during a press conference with Juncker at the White House on Wednesday.

"They have a positive attitude going into this". That hits demand and brings down prices, cutting into farmers' business.

After $34 billion in tariffs against China went into effect earlier this month, China responded with its own equivalent tariffs soon after, targeting USA agricultural products including soy, corn, wheat, pork, poultry and more.

The president met with a group of lawmakers from agriculture states and districts later Wednesday to discuss that package and his ever-expanding trade conflicts. Soybean prices were already falling, dropping 19 percent since early May to a 10-year low and corn is down more than 15 percent. Fall is the biggest season for American soybean farmers. With the announcement just occurring Tuesday it will be hard to predict what regions will receive aid but any kind of support can help offset what farmers in Minnesota and Northern Iowa have been facing.

Retaliatory Chinese tariffs on soybeans lowered the price of the crop almost 20 percent in just a few months.

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The program is set to roll out at the end of August, with some farmers receiving payment by Labor Day. The U.S. agriculture department announced on Tuesday a $12 billion dollar assistance package.

"The European Union wants to import more liquified natural gas, LNG, from the United States", said Trump who added that the E.U. will be a "massive buyer". "The real resolution is getting to agreement and getting these trade issues solved".

"Well, I think that it's good anytime", Maupin said.

Federated Farmers is dismayed at a $US12 billion plan to shield American farmers from fallout in a trade war with China.

The Europeans are going to try to channel his appetite for trade war at China, which might actually be productive in certain ways, unlike the squabbles with American allies.

"We. will resolve the steel and aluminum tariff issues, and we will resolve retaliatory tariffs", Trump said, but he gave no indication those USA and European Union import fees would be dropped immediately. "For decades, we've seen tariffs, we've seen barriers to selling product, and it needs to be fixed". "USDA will not stand by while our hard-working agricultural producers bear the brunt of unfriendly tariffs enacted by foreign nations".

Sen. Lindsey Graham, R-S.C., tweeted that the agreement "not to impose additional tariffs during negotiations is very smart and the best way to achieve a win-win solution". "Tariffs are the greatest!"

"Well, tariffs are not great", South Carolina GOP senator Tim Scott said. It's as simple as that - and every body's talking!

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