U.S. President Trump says 'tariffs are the greatest'

U.S. President Trump says 'tariffs are the greatest'

U.S. President Trump says 'tariffs are the greatest'

"We and the United States share same view that the World Trade Organisation must modernize", she told DN.

After Trump imposed tariffs on $34 billion worth of Chinese goods, China responded with retaliatory tariffs on USA products, including soybeans.

EU Commission President Jean-Claude Juncker, known for his heartfelt greetings, said the recent kiss on the cheek with US President Donald Trump in the Oval Office somehow took him by surprise.

"Our sense is the dominoes can't start falling until the first one starts falling, but there are so many deals in the air right now that if you're going to redo trade negotiations, you've got to have a beginning point", Lankford said. It's as simple as that - and everybody's talking! "This is why the US-President remembered to talk to the European Union". "All will be Great!" Juncker also agreed to buy billions of dollars more in US soybeans and natural gas.

"We agreed today to join forces to protect American and European companies better from unfair global trade practices. Both the USA and the European Union drop all Tariffs, Barriers and Subsidies!"

Mr Juncker added he had travelled to Washington with "the intention to make a deal today and we made a deal today". "We're probably at a little over breakeven now with the prices where they are".

"We will always look for areas where we can work together on a mutually beneficial basis".

It's unclear how the need for such an aid package squares with Trump's boast on Tuesday that "tariffs are the greatest" or his insistence in March that "trade wards are good and easy to win".

USA import tariffs of 25% on steel and 10% on aluminium, implemented in March, will remain in place during the talks.

In the unlikely event that Trump agrees, Juncker will suggest that significant makers of cars and vehicle parts, including Japan and South Korea, negotiate a multi-lateral agreement with the aim of reducing tariffs on those products to zero.

The president said the two allies will also work to resolve tariffs on steel and aluminum, and work towards "zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods".

They also said they would cooperate to reform the rules of the World Trade Organization, which the Trump administration frequently criticizes for favoring U.S. trading partners.

"On a related note, Reuters has reported that the United States administration will provide around $12bn of relief aid to USA farmers to partly offset the flow on impacts from the trade conflict with China/EU". "I'm very exasperated. This is serious". The Europeans also agreed to import more US soybeans.

Juncker, who has been more emollient in his language with regard to Trump than Donald Tusk, the European council president, will give a speech entitled: transatlantic relations: at a crossroads, after his meeting in the White House.

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