Trump and Junker pull back from trade war

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Trump's event with a smorgasbord of American goods came at the start of a week in which trade discussions are expected to dominate, including talks with European officials and a trip to IL in which the President is planning to visit a community helped along by his steel tariffs. "If we team up, we can make our planet a better, more secure, and prosperous place". The trade disputes are reducing sales of US farm products overseas and sending the prices of those products lower.

On Tuesday night, Trump set out his pitch, tweeting that both sides should drop all tariffs, barriers and subsidies, but that the European Union wouldn't agree to that.

European countries are also utterly devoted to one of the biggest barriers in EU-U.S. trade: geographical indications.

TRUMP: Just take the money and keep quiet.

Trump then moved to the second portion of the agreement, "strengthening of [America's] strategic cooperation with respect to energy". First, the U.S.is a key destination for German automobiles.

How is this? While China has a much larger trade surplus in goods than Germany, China also has a significant trade deficit in services.

Two days before President Trump is to face farmers in Iowa, the administration announced on Tuesday it would spend up to $12 billion, with the largest share going to row crop and livestock producers, to offset the impact of the tit-for-tat tariff war facing US exports.

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Trump and Juncker agreed to immediately set up an executive working group comprised of "very intelligent people on both sides" to be their "closest advisers" and carry out the joint agenda.

Liu said the subsidies were probably a preventive measure by Trump to ease the anxiety of his constituencies because he was anxious those voters might reconsider their support if the Chinese duties took hold.

"We also will resolve the steel and aluminum tariff issues and we will resolve retaliatory tariffs", said Trump. We will therefore work closely together with like-minded partners to reform the WTO and to address unfair trading practices, including intellectual property theft, forced technology transfer, industrial subsidies, distortions created by state owned enterprises, and overcapacity. You've got the economy booming thanks to tax reform and deregulation, but this trade war will hurt growth.

"We agreed that no other tariffs would be introduced as long as we are in the negotiations", Juncker said during a speech in Washington after his press conference with Trump. He echoed President Trump and efforts to strengthen energy cooperation and importation of LNG.

Longtime soybean farmer Jim Badger is trying to see the upside of the new subsidies to offset losses from tariffs taking effect July 5th.

"If we could have no tariffs, and no barriers, and no subsidies, the United States would be extremely pleased", the president said in the Oval Office at the start of several meetings with Juncker and his European Union delegation.

"The aim of this visit is to cool down the situation and prevent an escalation of the trade conflict", European Commission for Trade Cecilia Malmstrom, who will accompany Mr. Juncker at a bilateral meeting at the White House, told Swedish newspaper Dagens Nyheter.

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