President Donald Trump on Wednesday said he struck a preliminary deal with European Commission President Jean-Claude Juncker to ease trade tensions and avoid a full-blown trade war with the European Union.
The leaders pledged to expand European imports of US liquefied natural gas and soybeans and both vowed to lower industrial tariffs, excluding autos.
"While we're grateful the administration is doing something, we're hopeful these tariff issues will be resolved soon because farmers would rather trade than take aid", said Joel Rotz, Pennsylvania Farm Bureau spokesman.
They also agreed to increase trade in services and agriculture, including greater United States soy bean exports to the EU.
Juncker said the two leaders agreed that as long as negotiations were ongoing, "we'll hold off further tariffs and reassess existing tariffs on steel and aluminum" put in place by the Trump administration.
"I had intention to make a deal today and we made a deal today", Trump said.
On Wednesday, Trump and Juncker said they have agreed to work toward "zero tariffs" and "zero subsidies" on non-automotive goods.
"This was a big day for free and fair trade!"
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Emery also said he is enjoying working with Steve Bould, Arsene Wenger's longtime assistant who was kept on as part of the new backroom staff at the club.
Mr Juncker thanked the president and hailed a "good, constructive meeting".
Trump has threatened to impose 25 percent tariffs on auto imports, a move that would hit European carmakers like BMW and Volkswagen VOWG_p.DE hard, as well as Japanese and South Korean vehicle companies. The big dispute is over cars, with Mr. Trump threatening massive tariffs on if for the European Union didn't lower high tariffs on cars. We have identified a number of areas on which to work together, work towards zero tariffs on industrial goods.
He has slapped taxes on imported steel and aluminum, saying they pose a threat to US national security. He went on to say the USA and European Union will work to reform the World Trade Organization (WTO) and address unfair trade practices from other countries, an apparent reference to China's practices.
Following the government's announcement, Tuesday, of a $12 billion plan to assist farmers who have been hurt by President Donald Trump's trade disputes with China and other trading partners, Nebraska's senators shared their thoughts on the plan.
The EU had threatened to impose retaliatory tariffs on $20 billion of U.S. goods if the talks failed. "The nation's agriculture sector has seen prices drop and supplies pile up as other countries impose tariffs to counter Trump's actions".
In announcing the farmer assistance program, USDA secretary Sonny Perdue sent a signal that the Trump administration is willing to help USA industries hurt in the trade war.
On the other side, Democratic Senator Tammy Baldwin released a statement, saying the state of Wisconsin has already lost 500 dairy farmers in the previous year. According to Agriculture Secretary Sonny Perdue, this is a "short-term solution that will give President Trump and his administration time to work on long-term trade deals". The two will hold off on further tariffs and the USA will relent on steel and aluminum tariffs.