Juncker to Trump: US, EU are 'close partners, not enemies'

Juncker to Trump: US, EU are 'close partners, not enemies'

China is the biggest buyer of US soybeans, importing more than $12.4 billion worth of the oil seed in 2017, according to the Peterson Institute for International Economics.

Canada, Mexico and the European Union also struck back at Trump's leveling of United States steel and aluminum tariffs by hitting USA exports of agriculture products and other heavily exported U.S. goods.

Donald Trump warned at a cabinet meeting last week that he would move forward with 25 per cent auto tariffs if the meeting with Mr Juncker didn't go well.

"We should talk about reducing tariffs instead of increasing them", Juncker said, as Trump nodded.

Trump hailed "a new phase" of trade relations.

Chinese President Xi Jinping said at an global summit in South Africa that the world faces "a choice between cooperation and confrontation", in remarks that criticised escalating U.S. tariffs on goods from China and other major trading partners.

China, the European Union, Canada and Mexico have all been hit by US levies on imports including steel and aluminum and have retaliated by placing their own tariffs on USA agricultural exports, thus targeting farm states that are politically important to the president.

Ryan Jacobsen, CEO of the Fresno County Farm Bureau, told the local Fresno affiliate of CBS that farmers in the stressful peak of their summer harvest season appreciated President Donald Trump's expressions of concern for their well-being, and see the fund as lessening the financial blow of a growing trade dispute.

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Earlier, Mr Trump accused China of "vicious" tactics on trade. The other more feasible offer from the Europeans is a limited free trade agreement between the US and EU on industrial goods including cars, according to the official.

He added: "Now is the time for European Union and United States - both victims to unfair China trade practices - to unite against China".

They warned that new duties would be harmful to USA businesses, especially those that rely heavily on products that only China can provide, with one witness decrying the "blunt instrument of tariffs".

House Speaker Paul Ryan Ryan offered Tuesday that he doesn't think "tariffs are the right answer".

He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that previous year totalled £254 billion.

After emerging from the White House, he described his talk with Mr Trump as a "good and constructive meeting".

"We have never compensated farmers directly on such a large scale for retaliatory tariffs", Irwin said.

On Thursday, the president will visit Granite City, Illinois, the home of a U.S. Steel Corp. mill that has reopened after he imposed tariffs on steel imports. "Europe's ahead of us", Schwager said. "Now they have to pay, '" Reinsch said, echoing the president's argument. "We have identified a number of areas on which to work together, work towards zero tariffs on industrial goods". Trump could impose vehicle tariffs on national security grounds once Commerce Secretary Wilbur Ross completes a required investigation, which could come anytime before a deadline by early next year. China has retaliated with duties on soybeans and pork, affecting Midwest farmers in a region of the country that supported the president in his 2016 campaign.

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